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Federal Reinsurance Brokers Limited enters an agreement with the Banking Finance and Insurance Institute of Nepal to strengthen the insurance sector’s capability.

Mero Share / April 17, 2023

On April 13, 2023, Federal Reinsurance Brokers Limited and Banking Finance and Insurance Institute of Nepal Limited signed a Memorandum of Understanding (MOU) to form a long-term strategic alliance in the areas of training, research, and consulting for the insurance sector’s capacity development. Ms. Alpana Sharma, Company Secretary, and Mr. Saurav Baral, Research Analyst […]

Gold | Silver | Forex

Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.

Mero Share / April 16, 2023

In the domestic market today, fine gold is down Rs. 800 per tola, while tejabi gold is down Rs. 750 from yesterday’s pricing. Fine gold is now trading at Rs. 110,000 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website. Yesterday, the price per tola remained constant at Rs.

IPO | FPO

Dolti Power IPO Received Rs. 1.47 Arba From 13.39 Lakh Applicants As of the Last Day

Mero Share / April 16, 2023

Dolti Power Company Limited concluded its Initial Public Offering (IPO) of 12,71,861 unit shares to the general public today, March 3, 2080. The issue debuted on Chaitra 28th, 2079. This IPO is expected to generate Rs 13.46 crore for the firm. Previously, the business awarded 536,486 unit shares worth Rs. 5.36 crores to project-affected residents

Business | Market | Economy

Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.

Mero Share / April 14, 2023

Muktinath Bikas Bank Limited (MNBBL) has given 13.5% bonus shares directly to its owners’ DEMAT accounts and encouraged them to dematerialize their shares. On 30th Poush, 2079, the bank had its 16th AGM for FY 2078/79. The AGM approved a dividend of 14.2105% for fiscal year 2078/79. The board of directors resolved on Poush 01

NEPSE NEWS

Pokhara Finance, Union Life Insurance Company, and Mahalaxmi Bikas Bank Bonus Shares Listed on NEPSE

Mero Share / April 14, 2023

Pokhara Finance Limited (PFL) has launched 4,16,367.92 unit bonus shares on NEPSE. On 30th Poush, the business had its 26th AGM and approved a dividend of 4.21% for fiscal year 2078/79. The Board of Directors voted at its 512th meeting to pay a dividend of 4.21% on the paid-up capital of Rs. 1.04 Arba. A

IPO | FPO

The Makar Jitumaya Suri Hydropower IPO has concluded.

Mero Share / April 12, 2023

Makar Jitumaya Suri Hydropower Company Limited’s first public offering (IPO) was completed today at Prabhu Capital Limited in Kathmandu. Makar Jitumaya Suri Hydropower Company Limited released 1,337,302 units worth Rs 13.37 crores to the general public as an Initial Public Offering (IPO) (Chaitra 19- 22, 2079).

IPO | FPO

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

Mero Share / April 12, 2023

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

NEPSE NEWS

The NEPSE Index increased by an incredible amount due to the decline in interest rates. 92.22 out of 100

Mero Share / April 12, 2023

The NEPSE index closed at 1,963.55 today, up 92.22 points from the previous trading day’s close. This represents a 4.93% increase. Yesterday, the index rose 27.31 points. In the last three days, the index has gained approximately 125.07 points. Today’s opening price for the index is 1,871.46, which is also the intraday low. In contrast,

Dividend

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

Mero Share / April 11, 2023

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

Gold | Silver | Forex

Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 5.

Mero Share / April 11, 2023

Today’s gold price has risen by Rs. 500 in the domestic market. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300.

IPO | FPO

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

Mero Share / April 11, 2023

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

Gold | Silver | Forex

Today’s gold price in Nepal has dropped by Rs 700 per tola, while silver has dropped by Rs 10.

Mero Share / April 10, 2023

Today’s gold price has dropped by Rs. 700 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,300 per tola. Yesterday, the rate remained unchanged at Rs. 110,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,800. In contrast,

NEPSE NEWS

The NEPSE Index rises by 0.30%, while IPO rookie TAMOR encounters a circuit breaker.

Mero Share / April 10, 2023

The NEPSE index closed at 1,844.02 today, up 5.54 points from the previous trading day’s close. This represents a 0.30% increase. Yesterday, the index fell 28.31 points. Today, the index opened at 1,837.65 and closed at 1,833.08. In contrast, it reached a high of 1,851.49 before settling at 1,844.02.

Dividend

NMB Bank has completed the sale of its 10.75% -2089/2090 NMB Debenture.

Mero Share / April 10, 2023

NMB Bank Ltd issued 40 lakh units of Debenture totaling Rs. 4,00,00,00,000 under the issue and sales management of NIBL Ace Capital Limited (Four Arba Rupees Only). The debenture has a 10-year term and pays 10.75% interest per year. The “NMB Debenture 10.75% – 2089/2090” issue was opened on 2079/12/21, was oversubscribed in 4 days,

Business | Market | Economy

Ganapati Laghubitta calls the 6th AGM and approves all financial reports.

Mero Share / April 9, 2023

Ganapati Laghubitta held its 6th AGM on Chaitra 25, 2079, under the chairmanship of Ms. Archana Pradhan. According to the media statement, the AGM approved all fiscal and other reports presented by microfinance officials.