The trading of shares of three companies is halted today (Jestha 23,2076). Nepal Stock Exchange (NEPSE) has informed that due to the merger/acquisition agreement of three companies, the shares of the 3 companies are stopped from trading. 

NEPSE has reported a technical issue on its website which has affected the investors. The site will come into operation as soon as the technical issue is fixed. Still, the trading of shares is possible since the online trading system is active.

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.

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.

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.