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Stock Market

Market rises by 4.80 points with turnover of Rs 67.18 crore

2017-06-22 The benchmark capital market index, Nepal Stock Exchange Limited (NEPSE), has closed positively by 4.80 points or 0.31% to close at 1559.49 points today. NEPSE index is showing sideways movement. Index opened at 1554.90 points today and the local bourse…

ICRA Nepal assigns IPO Grade 5 to proposed IPO of Shuvam Power Limited

2017-06-22 ICRA Nepal has assigned “[ICRANP] IPO Grade 5” to the proposed IPO of Shuvam Power Limited, indicating poor fundamentals. Shuvam Power is proposing to issue Initial Public Offering of 6,00,000 units shares to be floated at a par value of…

3.61 crore units bonus & right shares of Nepal Life Insurance, Prudential Insurance, Sanima Bank & Kumari Bank listed in NEPSE

2017-06-22 69.05 lakh units bonus shares of Prudential Insurance and Nepal Life Insurance Company have been listed in Nepal Stock Exchange (NEPSE) today. Likewise, 2.92 crore units right shares of Sanima Bank and Kumari bank have also been listed today for…

Nepal Insurance Company proposes 5% bonus share; paid up capital to reach Rs 30.15 crore

2017-06-22 Nepal Insurance Company Limited (NICL) has decided to issue 5% bonus share to its shareholders. As per the notice published in NEPSE, the BOD meeting of the company held on Asadh 5, 2074 has proposed 5% bonus share to its…

7 days left to register Everest Insurance shares; Book closure for 20% bonus tomorrow

2017-06-22 Investors who have bought shares of Everest Insurance Company Limited (EIC) have 7 days to register their shares to be eligible for 20% bonus share. The book closure for EIC’s upcoming AGM is set for tomorrow, and only those shares…

Century Commercial Bank lists 65.56 lakh units shares after acquisition of Innovative and Araniko Dev Bank

2017-06-22 Century Commercial Bank Limited (CCBL), after acquiring Innovative Development Bank Limited and Araniko Development Bank Limited, had started joint operation of trio companies from Jestha 28, 2074. CCBL has now listed a total of 65,56,640 units shares of CCBL as…

Progressive Finance to endorse merger/acquisition with other BFIs; 20th AGM on Ashad 29

2017-06-22 Progressive Finance Limited (PROFL) will be convening its 20th  Annual General Meeting (AGM) on Ashad 29, 2074. The AGM will be held at Sankata Bhawan Meeting Hall, Lagantole, Kathmandu at 3 PM. Main agendas of the AGM are: To authorize…

Kumari Bank postpones joint transaction date with 4 other BFIs; to start joint transaction from Asadh 16

2017-06-22 Kumari Bank Limited (KBL) has postponed its joint transaction date after acquiring 4 companies. Now, the company will start its joint transaction as Kumari Bank Limited from Ashad 16, 2074. Earlier, the bank had published a notice to start its…

Reliable Microfinance issuing 2.82 lakh units (50%) right shares from Asadh 25; Book closure on Asadh 16

2017-06-22 Reliable Microfinance Bittiya Sanstha Limited (RMFL) is going to issue 2,82,500 units right shares to its shareholders from Asadh 25, 2074. As per the offer letter published by the microfinance company, the rights issue will remain open for 35 days…

Jebils Finance’s SGM on Ashad 23; to endorse further 40% right share

2017-06-22 Jebils Finance Limited (JEFL) will be convening its Special General Meeting (SGM) on Ashad 23, 2074. The SGM will be held at Kalimati Banquet, Kalimati, Kathmandu at 12:15 PM. Main agendas of the SGM are: To endorse 40% right share…

 

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