Latest NEPSE and Share Market News - Page 9
Upper Hewakhola Hydropower’s 91.3% Rights Shares Enter SEBON Pipeline
Upper Hewakhola Hydropower Company Limited (UHEWA) has entered the preliminary review pipeline of the Securities Board of Nepal (SEBON) for a proposed 91.3% rights share issuance worth Rs. 52.50 crore. The company plans to issue 5.25 million rights shares to existing shareholders, with Reliable Investment and Merchant Capital Limited appointed as the issue manager.
SEBON and NEPSE Begin Stock Market Reform Talks, Focus on 30+ Areas of Restructuring
The Securities Board of Nepal (SEBON) and the Nepal Stock Exchange (NEPSE) have initiated discussions to implement recommendations from the government-appointed NEPSE Restructuring Recommendation Committee, 2082. The proposed reforms cover ownership, corporate governance, technology, human resources, trading systems and the expansion of investment instruments and services.
NRB Raises Daily Digital Wallet Deposit Limit to 50 Transactions During Festive Season
Nepal Rastra Bank (NRB) has temporarily increased the daily limit for deposits into individual digital wallets from 10 to 50 transactions during Dashain, Tihar and Chhath in 2083. The move aims to facilitate increased digital payments and provide greater convenience to users during the festive season.
Gold Price Rises by Rs. 1,700 Per Tola in Nepal, Silver Gains Rs. 115
Gold prices in Nepal increased by Rs. 1,700 per tola, reaching Rs. 2,90,100, while Tejabi gold also rose to Rs. 2,89,400 per tola. Silver prices climbed by Rs. 115 per tola to reach Rs. 4,150, according to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA).
Manjushree Finance Proposes 20% Dividend for Shareholders, AGM on Kartik 20
Manjushree Finance Limited (MFIL) has called its 19th Annual General Meeting (AGM) for Kartik 20, 2083, with a proposal to distribute a 20% dividend for fiscal year 2082/83. The proposed dividend includes 5% bonus shares worth Rs. 6.75 crore and a 15% cash dividend worth Rs. 20.27 crore for tax purposes.
Nabil Bank Launches Virtual Credit Card, Customers Can Apply Through nBank App
Nabil Bank Limited has introduced its Nabil Virtual Credit Card, allowing eligible and pre-approved customers to apply for and use a credit card digitally through the nBank App. The service supports QR-based payments through Fonepay Merchant QR, eliminating the need for traditional paperwork and branch visits.
Nepal Telecom Launches 30 Mbps Internet Package at Just Rs 4,999 a Year
Nepal Telecom has introduced a new affordable internet package offering 30 Mbps speed for Rs 4,999 annually. The new FTTH plans also include Wi-Fi 6 connectivity, free daily mobile data, telephone services and a waiver of the Rs 500 connection fee.
Government’s Big Move: Wheat MSP Set at Rs 4,107, Flood-Hit Areas Declared Disaster Zones
The government has announced 13 Cabinet decisions, including setting the minimum support price of wheat at Rs 4,107 per quintal, declaring flood- and landslide-affected areas in Gorkha, Dhading and Baglung as disaster crisis-hit zones, and approving financial assistance from Japan and Germany.
Bhote Koshi Flood Relief: 4,108 Households Receive Rs. 45,000 Each
The government has provided Rs. 45,000 in cash assistance to each of 4,108 households affected by the Bhote Koshi floods in Rasuwa, Nuwakot, and Dhading. Around 1,400 additional households are awaiting verification, with the government aiming to complete the remaining distributions within three days.
Shop Smart with Mahalaxmi Bikas Bank: Get Up to 10% Off at KTM CTY
Mahalaxmi Bikas Bank customers can enjoy discounts of up to 10% on clothing purchases at all 17 KTM CTY outlets across Nepal. The offer is available when paying with the bank’s debit cards, credit cards, or mobile banking services.
Dashain Cash Rush: Rs. 63 Billion Added to Nepal’s Currency Circulation in Ashwin
Nepal’s cash in circulation has climbed to Rs. 857 billion ahead of Dashain, marking an increase of Rs. 63 billion in Ashwin. Meanwhile, approximately Rs. 13 billion worth of new and clean banknotes has been exchanged through Nepal Rastra Bank and commercial banks as households prepare for the festive season.
Sanima GIC Insurance Announces Auction of 235,448 Promoter Shares at a Minimum Price of Rs. 258
Sanima GIC Insurance Limited is offering 235,448 promoter shares through an auction from Kartik 9 to Kartik 12, 2083. The minimum bid price is Rs. 258 per share, with a minimum application of 5,000 units. Sanima Capital Limited will manage the auction.