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 […]
Himalaya Urja Bikas Company Limited (HURJA) has been granted permission by the Electricity Regulatory Commission (ERC) to issue rights shares to the general public. The Electricity Regulatory Commission (ERC) has approved the distribution of right shares in a 1:1 ratio. The company proposed issuing right shares in a 1:2 ratio, or 200% of the
On Chaitra 24, 2079, Nepal Investment Mega Bank opened its new extension counter at Belbari nagarpalika-9 Dangihat in Morang. According to a media statement, the latest facility was jointly inaugurated by Koshi province head of the bank Mr. Rajeev Gajurel and Nagarpalika mayor Mr. Dil Prasad Rai during a program. The bank’s network currently
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
NEPSE has listed 8,39,482.225 unit bonus shares of Ngadi Group Power Limited (NGPL). On the 25th of Falgun, the hydropower company held its 9th AGM and approved a 5% dividend for fiscal year 2078/79. On Falgun 1, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.76 Arba.
Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in
Gold prices continue to break all-time highs. Today’s increase is due to a single-day gain of Rs. 2000 in fine gold, while tejabi gold has climbed by Rs. 1,950 from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 111,000 per tola.
NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.” From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.” From the overall offer of 20 lakh units, 12 lakh units were subscribed
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
NMB Bank Limited (NMB) is releasing 40,00,000 units of “10.75% NMB Debenture 2089/90″ to the general public and institutions today, Chaitra 21st. The debenture, which has a maturity period of 10 years and a coupon rate of 10.75%, is available for application from today to the 24th Chaitra, 2079. If the issue is not fully subscribed, the deadline can be pushed back to Baisakh 5, 2080.
On the 9th Magh, the firm had its 25th AGM for the fiscal year 2078/79 and approved a 6.316% dividend. At its 127th board meeting, the business requested a 6.316% dividend on its paid-up capital of Rs. 1.70 Arba. There was a proposal for 6% bonus shares worth Rs 10,20,99,085 and a 0.316% cash dividend
Neco Insurance Limited (NIL) has distributed 15% bonus shares to its shareholders’ DEMAT accounts. The company has requested that its shareholders dematerialize their shares. On the 15th of Magh, 2079, the company held its 27th AGM for the fiscal year 2078/79. The AGM approved a dividend of 15.79% for fiscal year 2078/79. On Mangsir 18,
From today (14th Chaitra), Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) is delivering 3.26% cash dividends straight to its shareholders’ bank accounts and has asked them to dematerialize their shares. On Chaitra 10, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 25.26% dividend for fiscal year
Today’s gold price has dropped by Rs. 1000 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 108,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,500. In contrast, the
Nepal SBI Bank Limited (SBI) has listed 29,47,755.9338 unit bonus shares on NEPSE. On the 25th of Poush, 2079, the company held its 29th AGM for the fiscal year 2078/79. For fiscal year 2078/79, the board of directors approved a 10.53% dividend of Rs. 1.03 Arba. On Mangsir 12, 2079, the 492nd board of directors
