Tag: will

  • From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.

    From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.


    From the 8th of Baisakh, 2080, the business would issue 12,69,411 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh, 2080.

    Out of the total 15,29,411 units, 10%, or 152,941 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 30,588 units, have been set aside for company employees, and 5%, or 76,471 units, have been set aside for mutual funds. The remaining 12,69,411 units will be available to the general public. The company’s paid-up capital

  • Development banks have decided to lower the interest rate on fixed deposits 

    Development banks have decided to lower the interest rate on fixed deposits 


    During its conference, the Development Bankers Association, an association of Development Bank CEOs, also resolved to drop the interest rate. The committee members have agreed to reduce the deposit interest rate by 1%.

    According to development banks, the interest rate on personal term deposits will now be 10.6 percent rather than 11.6 percent. Similarly, the interest rate on institutional term deposits has been reduced to 8.60 percent. It was also decided to reduce the savings interest rate by 0.60 percentage points. The lower interest rate will take effect on the first

     

  • Molung Hydropower Company and Sagarmatha Jalvidyut Company IPO Shares Listed on NEPSE

    Molung Hydropower Company and Sagarmatha Jalvidyut Company IPO Shares Listed on NEPSE


     

    NEPSE has listed 80,25,000 unit IPO shares of Molung Hydropower Company Limited. This comprises promoter shares as well as shares offered to the general public and project-affected communities.

    The initial transaction range is Rs. 60.62 to Rs. 181.86. If the company executes the agreement with NEPSE, the IPO shares will trade in the secondary market the next day.

     

  • There will be no dividend paid to Excel Development Bank (EDBL) shareholders in fiscal year 2078/79.

    There will be no dividend paid to Excel Development Bank (EDBL) shareholders in fiscal year 2078/79.


     

    Excel Development Bank Limited (EDBL) has announced that it will not pay dividends in fiscal year 2078/79.

    The EDBL Board of Directors decided on Chaitra 27, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual General Meeting.

     

  • The IPO of Makar Jitumaya Suri Hydropower Company will be completed on Wednesday.

    The IPO of Makar Jitumaya Suri Hydropower Company will be completed on Wednesday.


     

    Makar Jitumaya Suri Hydropower Company Limited’s initial public offering (IPO) will take place this Wednesday, March 29th, 2079. The allotment program will take place at the issue manager’s Kamaladi office, Prabhu Capital Limited.

    From the 19th to the 25th Chaitra, the company issued 13,37,302 units of Rs 100 face value shares to the general public as an Initial Public Offering (IPO) worth Rs 13.37 crore. Out of the total 15,20,000 units, or 20% of the issued capital, 10% or 152,000 units have already been issued and allotted to Nepalese citizens working abroad, while 2%, or 32,028 units, were set aside for the company’s employees, and 5%, or 80,070 units, were set aside for the general public.

  • Sanima Middle Tamor Hydropower IPO shares are now listed on the NEPSE.

    Sanima Middle Tamor Hydropower IPO shares are now listed on the NEPSE.


    Sanima Middle Tamor Hydropower Limited (TAMOR) has listed 33,325,000 unit IPO shares on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals.

    The initial transaction price range is Rs. 98.43 to Rs. 295.29. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.

     

  • From Baisakh 04, Menchhiyam Hydropower will issue 934,915 unit IPO shares to the general public.

    From Baisakh 04, Menchhiyam Hydropower will issue 934,915 unit IPO shares to the general public.


     

    Menchhiyam Hydropower Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).

    From the 4th of Baisakh, 2080, the company will issue 934,915 unit shares with a face value of Rs 100. The company expects to earn Rs 9.34 crore from this IPO. This issue’s early closing date is on 7th Baisakh, and if it is not fully subscribed, it can be extended until 19th Baisakh, 2080.

  • Issuance of Ghalemdi HydroEndorse Agendas Related Right Shares

    Issuance of Ghalemdi HydroEndorse Agendas Related Right Shares


    Ghalemdi Hydro Limited (GHL) has scheduled its 9th Annual General Meeting (AGM) for the 16th of Baisakh, 2080. The meeting will begin at 10:30 a.m. that day at Sasa Banquet in Nayabazar, Kathamndu.

     

  • Asian Life Insurance will support the 8.947% dividend.

    Asian Life Insurance will support the 8.947% dividend.


     

    Asian Life Insurance Company Limited (ALICL) has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.

    Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year 2078/79. The board of directors decided today (Falgun 30) to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The value of the bonus shares is Rs. 24.71 crores, and the cash dividend is slightly more than Rs. 1.30 crores. ALICL’s current paid-up capital is Rs. 2.90 Arba.

     

  • SEBON finally approves Three Star Hydropower Limited’s initial public offering (IPO).

    SEBON finally approves Three Star Hydropower Limited’s initial public offering (IPO).


     

    The Securities Exchange Board of Nepal (SEBON) has approved Three Star Hydropower Limited’s proposed initial public offering (IPO) on Chaitra 17.

    The company will now issue 1,231,250 equity shares with NPR 100 par value each. The issue is worth Rs. 12.31 crore. This is equivalent to 25% of the company’s issued capital. After the IPO, the company’s total paid-up capital would be Rs 49.25 crores.

     

  • Suryodaya Womi Laghubitta (SWMF) will  approve 15% bonus shares and discuss the issuance of FPOs.

    Suryodaya Womi Laghubitta (SWMF) will  approve 15% bonus shares and discuss the issuance of FPOs.


     

    Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has scheduled its 11th Annual General Meeting for 30th Baisakh, 2080. The meeting will begin at 9 a.m. that day at Dhulikhel Lodge Resort Pvt. Ltd., Dhulikhel, Kavrepalanchowk.

    Among the other items on the agenda, the AGM will approve a 15% bonus share for fiscal year 2078/79. The company’s current paid-up capital is Rs. 79.19 Crores. For the fiscal year 2078/79, the company has proposed a 15% bonus dividend worth Rs. 11.87 Crores from its paid-up capital.

     

  • Dolti Power Company will issue 12,71,861 unit IPO shares from Chaitra 28 in an IPO for the general public.

    Dolti Power Company will issue 12,71,861 unit IPO shares from Chaitra 28 in an IPO for the general public.


    Dolti Power Company Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).

    From the 28th Chaitra of 2079, the company will issue 12,71,861 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.71 crore for the company. This issue’s early closing date is the 3rd Baisakh, and if it is still not fully subscribed, it can be extended until the 12th Baisakh, 2080.