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A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market

Mero Share / December 29, 2023

In a recent parliamentary committee meeting, concerns were raised about life insurance companies issuing IPO shares at premium prices, potentially above standard values. Allegations of improper premium approvals prompted an investigation into possible misconduct and misuse of authority. Here are the key directives issued by the committee after discussions with relevant authorities: The absence of […]

NEPSE NEWS

Siddhartha Capital announces a rise in Net Asset Value (NAV), with SIGS3 NAV surpassing par for the month of Mangsir

Mero Share / December 29, 2023

“Siddhartha Equity Fund (SEF),” a 10-year closed-end mutual fund managed by Siddhartha Capital Limited, has reported an increase in its Net Asset Value (NAV) for Mangsir. According to the financial report, the NAV stands at Rs. 9.68 at the end of Mangsir 2080, up from Rs. 9.16 in the previous month. With a total fund

Gold | Silver | Forex

Nepal’s gold market experiences unprecedented highs in a remarkable surge.

Mero Share / December 29, 2023

The Nepalese gold market witnessed an extraordinary surge, reaching an all-time high on December 28, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reported a remarkable single-day increase of Rs. 1,300, propelling fine gold to an unprecedented rate of Rs. 1,22,000 per tola. Previously, on December 4, 2023, fine gold had reached a

NEPSE NEWS

Prabhu Capital’s mutual funds announce an increase in Net Asset Value (NAV) and net profit for the month of Mangsir

Mero Share / December 29, 2023

“Prabhu Select Fund (PSF)” has released its Net Asset Value (NAV) report for Mangsir, showcasing an increase from Rs. 9.57 to Rs. 10.20 in the fiscal year 2080. This 7-year closed-end scheme, initially starting with a fund size of Rs. 1.25 Arba, has invested in listed shares, public issues, right shares, bonus shares, fixed deposits,

NEPSE NEWS

Laxmi Capital releases Net Asset Value (NAV) report for Mutual Fund Schemes in Mangsir

Mero Share / December 29, 2023

“Laxmi Equity Fund (LEMF),” a 7-year closed-end equity-oriented mutual fund scheme managed by Laxmi Capital Market Limited, has reported an increased Net Asset Value (NAV) of Rs. 9.89 in Mangsir, up from Rs. 9.20 in the previous month. With a fund size of Rs. 1.25 Arba, the scheme has invested Rs. 86.94 crores in listed

Tech & Telecom

Ncell submits unsigned share purchase documents to Telecom Authority.

Mero Share / December 29, 2023

Ncell has submitted a share purchase document to the Nepal Telecommunication Authority without the required signature, according to Purushottam Khanal, Chairman of the Telecommunications Authority. During a session with the Parliament’s Technology Committee, Khanal revealed that the document lacked essential elements like a signature, seal, and stamp. The incident, occurring on the 13th of Last

NEPSE NEWS

Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas

Mero Share / December 29, 2023

Kutheli Bukhari Small Hydropower Limited (KBSH) has called its 12th AGM on Poush 27, 2080. The meeting will be held in German Homes Hospitality Pvt. Ltd., Gatthaghar, Bhaktapur, starting at 11:30 am that day. These are the agendas of the AGM: 1) Endorsement of financial reports for the fiscal year 2079/80. 2) Endorse the auditor’s

Business | Market | Economy

Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system

Mero Share / December 29, 2023

Amidst a surge in liquidity, the central bank is actively withdrawing deposits from banks and financial institutions, having withdrawn a substantial 105 arba rupees in the month of Poush alone. Despite these efforts, the average interest rate for deposits has moderately increased from 2.4784% to 2.8594% between Poush 1 and Poush 11. While managing liquidity,

General News

Rising global oil prices amid world turmoil spark diplomatic discussions among major powers

Mero Share / December 29, 2023

Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices. In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per

Business | Market | Economy

Nabil Bank introduces ‘Instant Gold Loan’ for swift financial solutions

Mero Share / December 29, 2023

Nabil Bank Limited (NABIL) has launched its new financial offering, the ‘Instant Gold Loan,’ designed to provide customers with quick access to funds. This scheme allows individuals to secure loans up to 10 lakh rupees at a competitive interest rate of 12.30%, ensuring loan disbursement within one hour. The emphasis is on the convenience of

NEPSE NEWS

All five mutual fund schemes managed by NIC Asia Capital have reported Net Asset Values (NAV) above par for the month of Mangsir

Mero Share / December 29, 2023

NIC Asia Balanced Fund (NICBF): NIC Asia Balanced Fund (NICBF), a 10-year closed-end mutual fund scheme managed by NIC Asia Capital, has released its Net Asset Value (NAV) report for Mangsir. The NAV for the period is Rs. 10.31, reflecting an increase from Rs. 9.95 in the previous month. The scheme, starting with a fund

Dividend

NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders

Mero Share / December 29, 2023

NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has directly credited a 15% cash dividend to the bank accounts of its shareholders and encouraged them to dematerialize their shares. During the 6th Annual General Meeting held on the 6th of Poush, 2080, NICLBSL approved a 15% cash dividend for the fiscal year 2079/80. The board of

Dividend

Shivam Cements Limited Announces 8th AGM with Proposal for 15% Dividend and Bonus Shares

Mero Share / December 28, 2023

Shivam Cements Limited (SHIVM) has announced its 8th Annual General Meeting (AGM) scheduled for the 27th of Poush, 2080. The meeting is set to take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 9:00 a.m. Among the various items on the agenda, the AGM will approve a 15% dividend for the fiscal year

Dividend

Book Closure Alert: Eight Companies Declare Dividends, Urging Shareholders to Act Before Poush 16, 2080

Mero Share / December 28, 2023

Eight companies that have declared dividends, either in cash or stock, are set to close their books from tomorrow until the 16th of Poush, 2080. Shareholders of these companies have until today to hold their shares if they wish to claim the proposed dividends. ICFC Finance Limited (ICFC) has set the book closure date for

Business | Market | Economy, Dividend

SEBON Approves Singati Hydro Energy’s Rs. 1.45 Arba Rights Offering for Expansion and Debt Clearance

Mero Share / December 28, 2023

The Securities Board of Nepal (SEBON) has granted approval to the rights offering proposal submitted by Singati Hydro Energy Limited (SHEL) on Poush 11, 2080. Under this approved plan, the company is set to issue 100% right shares valued at Rs. 1.45 Arba. This issuance will involve the distribution of 14,500,000 (1:1) units of right