Tag: will

  • Last Day to Apply for Ingwa Hydropower’s Locals IPO; Issue Closes Today

    Last Day to Apply for Ingwa Hydropower’s Locals IPO; Issue Closes Today


     

    Ingwa Hydropower Limited is completing the distribution of 6,00,000 units of IPO shares to project-affected locals today, Chaitra 20, 2079. The problem had begun on the 21st of Falgun, 2079.

    The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, have been allocated to project-affected Taplejung District residents. Meanwhile, 20% of the company’s issued capital, or 12,00,000 unit shares, will be made available to the general public later. This public issue, which closed on the 5th Chaitra, allocated 10% of the shares totaling 120,000 units to Nepalese citizens working abroad.

  • National Life Insurance has released new bonus rates, with a maximum bonus of Rs 85 per Rs 1000 insured amount.

    National Life Insurance has released new bonus rates, with a maximum bonus of Rs 85 per Rs 1000 insured amount.


     

    National Life Insurance Company has announced bonus rates ranging from Rs 63 to Rs 85 per Rs 1000 for its insured customers.

    According to the information, the company will offer a Rs 63 bonus for up to 9 years of life insurance, Rs 64 for 10 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above per Rs 1000 of insured amount. According to the media statement, the company will also provide Rs 64 for up to 9 years of term insurance and full life insurance, Rs 64 for 9 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above.

     

  • Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.

    Mahalaxmi Bikas Bank introduces new home and business loan schemes, lowering the interest rate to 12.99% with a special service charge discount.


     

    In addition to the new year’s special offer, the bank is offering a 0.25% discount on the service charge for both of these loan schemes for female home/business owners for a limited time. According to the media statement, borrowers can also receive up to 100% of the cost of the home/building as a loan for a maximum of 30 years, as well as a special discount on the service fee.

    According to the media statement, the bank will provide loans for entrepreneurs with the best valuation of property, loan amount disbursed beforehand, and an attractive discount on in-service charge.

  • Siddhartha Premier Insurance’s 2.8 crore unit shares have been listed for trading on the NEPSE.

    Siddhartha Premier Insurance’s 2.8 crore unit shares have been listed for trading on the NEPSE.


    After a successful merger between Siddhartha Insurance Limited (SIL) and Premier Insurance Company (Nepal) Limited (PIC), 28,065,499 shares of Siddhartha Premier Insurance Limited (SPIL) were listed on NEPSE.

    On the 27th of Ashad, 2079, SIL and PIC inked a merger agreement. The corporation had agreed to a merger with a swap ratio of 1:1. SIL’s paid-up capital was Rs. 1,403,920,000. PIC’s paid-up capital was Rs. 1,402,629,900 at the time. The newly combined firm “Siddhartha Premier Insurance Ltd” has a total paid-up capital of Rs. 2.8 Arba.Following a successful merger, SIL and PIC began the joint transaction as Siddhartha Premier Insurance Limited (SPIL) on Falgun 17, 2079. As a result, the listed shares will begin trading under the ticker “SPIL.”

  • For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.

    For fiscal year 2078/79, Kamana Sewa Bikas Bank (KSBBL) proposes 4.64% bonus shares and 0.23% cash dividend.


     

    For the fiscal year 2078/79, Kamana Sewa Bikas Bank Limited (KSBBL) has proposed a dividend of 4.64%.

    The dividend will be paid from the company’s paid-up capital of Rs.3.14 Arba.

    A cash dividend of 0.23% and 4.41% bonus shares have been proposed. KSBBL has an LTP of Rs. 313 as of this writing. The proposed dividend must be approved by the central bank and approved by the upcoming AGM.

  • On Chaitra 20, Dolti Power Company distributed IPO shares to project-affected residents of Dailekh District.

    On Chaitra 20, Dolti Power Company distributed IPO shares to project-affected residents of Dailekh District.


    Dolti Power Company Limited has distributed IPO shares to Dailekh District residents affected by the project. The allotment program came to an end on Chaitra 20, 2079.

    The company’s issued capital is Rs. 53.64 crores, of which 10%, or 536,486 unit shares worth Rs. 5.36 crores, were allocated to project-affected Dailekh District residents. Meanwhile, 20% of the company’s issued capital, or 10,72,972 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 107,298 units, were reserved for Nepalese citizens working abroad. The problem had begun on the 8th of Falgun, 2079.

     

  • SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”

    SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”


     

    In the most recent list of mutual fund scheme pipeline status published by the Securities Exchange Board of Nepal (SEBON), “NI 31” has recently been added under preliminary review.

    The fund size for NI 31 will be Rs. 15 crores divided into 1.5 crore units with a par value of Rs.10 per unit. On Chaitra 16, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Nabil Investment Banking Limited. Nabil Bank, on the other hand, is the scheme’s Fund Sponsor.

  • The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.

    The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.


    Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.

    Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.

     

    The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.

    Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.

    The problem has received 13,93,153 genuine applications.

  • Today is the last day to apply for a Modification of the Issue of the Day

    Today is the last day to apply for a Modification of the Issue of the Day


    Modi Energy Limited is closing the issue of 29,00,000 units of IPO shares to the project-affected locals today i.e. on 16th Chaitra 2079. The problem had begun on the 25th of Falgun, 2079.

    The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been allocated to project-affected Parbat District residents. Meanwhile, 15% of the company’s issued capital, or 43,50,000 unit shares, will be made available to the general public later. This public issue, which closed on the 9th Chaitra, allocated 10% of the shares totaling 435,000 units to Nepalese citizens working abroad.

     

  • NIC Asia Laghubitta Announces Book Closure Date for its 14.75% Cash Dividend; Holds Annual General Meeting on Baisakh 10

    NIC Asia Laghubitta Announces Book Closure Date for its 14.75% Cash Dividend; Holds Annual General Meeting on Baisakh 10


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has scheduled its 5th Annual General Meeting for 10th Baisakh, 2080. The meeting will begin at 9 a.m. that day in Hotel Gajur Palace – Hotel in Dharan, Sunsari.

    Among the other items on the agenda, the AGM will approve a 14.75% cash dividend for fiscal year 2078/79. The board of directors decided to pay out the entire dividend in cash at their meeting on Falgun 21. Because the company’s paid-up capital is Rs. 1,73,94,40,000, the cash dividend is worth slightly more than Rs. 25,65,67,400.

     

  • Reminder: Today is the last day to secure the dividend proposed by Jeevan Bikas Laghubitta and NMB Laghubitta.

    Reminder: Today is the last day to secure the dividend proposed by Jeevan Bikas Laghubitta and NMB Laghubitta.


    The dividend proposed by Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) and NMB Laghubitta Bittiya Sanstha Limited (NMBLB) is due today (NMBMF).

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has scheduled its 4th Annual General Meeting for 30th Chaitra, 2079. The meeting will begin at 10:30 a.m. that day in the company’s head office in Katahari, Morang.

     

  • From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.

    From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.


    The existing promoters of Prime Commercial Bank Limited are auctioning off 9,00,000 units of promoter shares to the general public from the 21st Chaitra to the 29th Chaitra, 2079.

    A total of 9,00,000 promoter shares will be auctioned off. Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 130. The promoters’ shares have a minimum bid quantity of 1000 units. Although bidders may bid for the entire issue, they must follow the Nepal Rastra Bank’s rule of not exceeding the specified number of shares per entity.