The 261st board of meeting of Premier Insurance Company was held on Jestha 17, 2076 and the meeting has proposed 79.79 percent bonus shares worth Rs. 46.60 crore from the profit of 2074/75. The company informed Nepse about the proposed bonus share today.

The total dividend amounts to 49.05 crores since 2.45 crore or 4.20 percent cash dividend will be used for tax purpose. So, the total dividend for the FY 2074/75 stands at 83.99 percent.

The bonus share is subject to approval from Beema Samiti and then will be endorsed AGM of the company. The paid-up capital of the company stands at Rs. 58.40 crores and after the bonus adjustment, it will reach 1.05 arba. As a result, it will be able to reach the minimum capital requirement of 1 arba.

Nepal Investment Bank to float “10.5% Nepal Investment 2082” from 24 Jestha 2076. The early closing date is 28 Jestha 2076, if not subscribe within 4 days than it will be close on 22 Ashad 2076.

Investors will get 10.5% interest annually till maturity.

Life Insurance Coropration Nepal has proposed dividend for shareholders from in the income of FY 2074/75.

As per LICN, the company had proposed 34.4626% Bonus shares & 35.5373% cash dividend from the income of FY 2074/75.

The decision is subjected to approve from Beema Samiti and upcoming AGM.

Currently, its paid up capital is Rs.1.49 arba. After adjustment of Bonus, paid up capital will reach to Rs.2.01 arba.

Deva Bikas Bank has announced book close for Annual general meeting (AGM).

The book will be close from 06 Asar to 12 Asar 2076 for AGM. Those shareholders who hold shares till 05 Asar 2076 will be eligible to participate in AGM & claim for dividend.

From the AGM, the bank will endorse 5.5% bonus shares for shareholders from the income of FY2074/75.

NLG Insurance Company to float 60% right shares to hike its paid up capital.

Special General meeting (SGM) of the company held today at kamaladi, kathmadu has endorsed the agenda.

The company will issue 10:06 right share for its shareholders.

Nepal Stock Exchange (Nepse) has listed 3.01 lakh units of right shares today, 14 Jestha 2076 for trading.

As per Nepse, 3,01,274.52 Units Right Shares of Reliance Finance Ltd. has been listed.

Now, these shares can be traded after getting into DeMat account.

Currently, its paid up capital stands at Rs.74.32 crore.

Himal Dolkha Hydropower Company is going to issue IPO worth Rs. 16 crore to the project affected locals of Ilam district from Jestha 14,2076 i.e. today. The subscription price of the issue is Rs.100 per share.

The IPO issue will be open until Jestha 28,2076 but if the issue is not fully subscribed then the date will be extended to Asadh 13,2076.

Mero Microfinance is closing the auction of  2.09 lakh units of ordinary shares on Jestha 14,2076 i.e. today

Global IME Capital Limited is the issue manager of the auction. In order to apply for the company shares, one must fill an application form which is available from Global IME Capital Limited, Kathmandu. For those outside Kathmandu valley, they can apply from the branch office of Global IME Bank. You can get the form for Rs. 100.

Nepal Stock Exchange (NEPSE) has listed IPO shares of a microfinance company today (Jestha 13,2076).

As informed on Nepal Stock Exchange, 7,75,000 Units IPO Shares of Gurans Laghubitta Bittiya Sanstha Ltd. has been listed.

The company issued 2,50,000 shares in the Initial Public Offering(IPO) from Baisakh 16, 2076. Lucky 23,363 out of more than 3 lakh applicants from the general public were allotted 10 units each through the lottery.

After the listing of shares on Nepse, shareholders can trade the shares in the secondary market. The shares of Gurans Laghubitta will open from tomorrow for the trading.

Nepal Stock Exchange (NEPSE) has listed the bonus shares of one company on Jestha 13,2076.

As per the information by NEPSE, it has listed 1,77,100 Units Bonus Shares of Vijaya Laghubitta Bittiya Sanstha Ltd.

The microfinance had distributed a 10 percent bonus share to its shareholders from the profit of 2074/75.

Infinity Laghubitta is going to issue IPO worth Rs.6.74 crore to the general public from Jestha 13, 2076. The issue will be open till Jestha 16,2076 and if it is not fully subscribed then the extension can be made to Asadh 10,2076.

Applications can be placed for a minimum of  10 units and a maximum of 3,370 units. The application can be placed from the financial institutions providing C-ASBA facility and online through Meroshare.

Jebils Finance has informed Nepse about the swap ratio for mergers and acquisition with Nepal Investment Bank.

The 194th board meeting of the company has decided to take 100:33 swap ratio with Nepal Investment Bank to finalize the acquisition process. This means shareholders holding 100 shares of Jebils will get 33 shares of Nepal Investment Bank post-acquisition.

The decision was also based on the recommendation by the meeting of the merger committee of two banks held on Jestha 12, 2076. Two companies signed an agreement to go on an acquisition process on Falgun 26,2075.

Upper Tamakoshi Hydropower has announced book close for annual general meeting (AGM).

AGM will be held in 11 Ashar 2076 at Nepal Pragya Pratisthan, Kathmandu, 11 AM.

Infinity Laghubitta Bittiya Sanstha Limited to issue initial public offering (IPO) from tomorrow, 13 Jestha 2076 for general public.  The issue will be closed on 16 Jestha 2076.

The company will be floating 674,000 units of shares at the rate of Rs.100. Out of total issue, the company will issue 0.5% or 10,370 units for employees, 5% or 33,700 units of existing mutual fund and remaining 6,29,930 units for general public.

Om Development Bank has cancelled proposed dividend. It had proposed 12.70% bonus shares for shareholders. After signing merger agreement with NMB Bank, it has cancelled proposed dividend showing the reason that, it will affect Swap ratio between OM & NMB Bank.

Himalayan Distillery has informed Nepse about the interim dividend distribution to its shareholders on Jestha 10, 2076.

The board of directors meeting of the company held on Jestha 9, 2076 has declared 68.42 percent cash dividend (including tax) to its shareholders from the accumulated profits until the third quarter of the current fiscal year 2075/76.

After facing criticism on their decision to not go with a T+1 settlement approach, finally, share investors related associations have made a press release by accepting the implementation of T+1 settlement.

If you don’t know what T+1 means then, T stands for transaction date and the number after + represents settlement day. Here, 1 means you have to settle the transaction within one day of doing the transaction i..either transfer shares or pay the amount within one day of the transaction. In Nepal, currently, T+3 settlement is existent.