Latest News
Modi Energy to Hold Special General Meeting for Rights Share Issuance
Modi Energy Limited is set to hold a Special General Meeting on Asar 19 to seek shareholder approval for a 1:1 rights share issuance. This move aims to double the company’s paid-up capital and support its growth plans. The meeting will also cover capital increase and board director appointment, with a book closure on Asar 12 to finalize eligible voters.
a year ago
Sale of Founder Shares Announced by Chhimek Laghubitta Financial Institution Limited
Chhimek Laghubitta Financial Institution Limited is offering 244,480 founder shares for sale. Interested investors can apply through Muktinath Capital by Asar 10, with a minimum purchase of 50,000 shares at NPR 3,900 per share.
a year ago
Laxmi Sunrise Capital Appointed as Share Registrar for Trade Tower Limited
Trade Tower Limited has appointed Laxmi Sunrise Capital as its official share registrar. Starting from Jestha 20, Laxmi Sunrise Capital will manage shareholder records, share transfers, and other related securities operations to ensure smooth and accurate handling of the company’s share transactions.
a year ago
Promoter Stake Shuffle: NIMB Opens Sale of Over 3.3 Lakh Founders’ Shares
Nepal Investment Mega Bank has announced the sale of over 3.34 lakh promoter shares owned by five existing founders. Only current promoter shareholders are eligible to apply within 35 days. If unsold, the shares will be offered to other individuals or institutions.
a year ago
Sun Nepal Life’s Rights Issue Closes Today: Final Call for Shareholders
Sun Nepal Life Insurance’s rights share application deadline ends today. The company is issuing 27% rights shares to raise its paid-up capital to NPR 5.03 billion, aligning with the regulatory requirement set by the Nepal Insurance Authority.
a year ago
People’s Energy Charts IPO Path Through Upcoming AGM
People\\\
a year ago
Nepal’s Stock Market Sees Renewed Optimism Amid Rising Turnover and Sectoral Shifts
Nepal’s stock market opened the week positively with NEPSE rising slightly and turnover crossing Rs. 13.18 billion. Hotel and tourism stocks led the rally, while regulatory support and anticipation of financial reports boosted investor confidence.
a year ago
People’s Power Announces Share Price Adjustment Ahead of Rights Issue
People’s Power Limited has adjusted its share price to NPR 361.13 ahead of a rights issue offering shares at a 1:0.50 ratio. The company plans to issue over 3.16 million shares, with the book closure set. This move aims to strengthen its capital and support future growth.
a year ago
Nepal’s Revenue Collection Surges Past Rs. 10 Kharba Amid Economic Recovery
Nepal’s government has collected Rs. 10.27 Kharba in revenue during the first 11 months of the fiscal year, marking steady growth fueled by improved tax compliance and a recovering economy. While revenue stands at 83% of the target, continued efforts to broaden the tax base and enhance collection are crucial to meet fiscal goals and support national development.
a year ago
Lock-In Period Ends for 9.67 Million Shares of Bindhyabasini Hydropower
The lock-in period for over 9.67 million shares of Bindhyabasini Hydropower has ended, allowing these promoter, local, and employee-held shares to enter the secondary market potentially increasing trading activity in the hydropower sector.
a year ago
Founders\\\
Three Nepali financial institutions—Kumari Bank, Manjushree Finance, and Jyoti Bikas Bank—have announced the sale of their promoter shares. While Kumari Bank is offering shares to the general public, the other two have opened bids exclusively to existing promoters. The process will follow regulatory guidelines based on the response.
a year ago
Makari Gad Hydropower Gears Up for IPO to Expand Capital Base
Makari Gad Hydropower Limited is preparing to issue its Initial Public Offering (IPO) to raise NPR 594 million by offering 5.94 million shares at NPR 100 each. The company will finalize the proposal during a Special General Meeting and has appointed Sanima Capital as the issue manager. The 10 MW project, located in Darchula, aims to expand public ownership and strengthen its financial base through the IPO.
a year ago