Lumbini Bikas Bank is set to auction 1,51,585 promoter shares to the general public, companies and institutions, with bids open for 15 days from Ashwin 21, 2083.
Nepal Rastra Bank will raise Rs 30 billion through a 28-day deposit collection instrument on Ashwin 21, with eligible Class A, B and C banks allowed to participate through competitive bidding.
Investor representatives have urged SEBON to withdraw or revise the 15-day advance notice requirement for substantial and founder shareholders, citing panic selling and increased pressure on share prices.
The Nepal Stock Exchange (NEPSE) gained 11.96 points, or 0.46%, to close at 2,578.73, while total turnover stood at Rs. 3.13 Arba.
The construction of the Matatirtha–Chobhar section of the Thankot–Chapagaun–Bhaktapur 132 kV transmission line project has been completed, with the 6-km line set to be charged from Friday.
Citizens Capital Limited has concluded its 20th Annual General Meeting, approving a 13% cash dividend for shareholders from the profit of fiscal year 2082/83.
Infrastructure Development Minister Sunil Lamsal has said private homes in flood-affected areas will be rebuilt in a way that preserves local identity, with reconstruction carried out in coordination with local governments and residents.
Advance booking for public transport tickets for the upcoming Dashain, Tihar, and Chhath festivals will open from Ashoj 23 to facilitate the movement of passengers leaving Kathmandu Valley.
Nepal Rastra Bank has revised its foreign exchange-related provisions, increasing several payment and exchange limits for medical treatment, satellite services, aviation, card transactions, and payments for services received from India.
Home Minister Sudan Gurung has warned officials and employees under the Ministry of Home Affairs and its agencies against sharing or misusing confidential state information, saying violators will face legal action.
The Securities Board of Nepal (SEBON) has held discussions with investors and market stakeholders over a proposed requirement for substantial shareholders to provide advance notice before selling 5% or more of their holdings.
Nepal Rastra Bank will not conduct the festive-style distribution of new and crisp banknotes for Dashain this year, citing the damage caused by recent floods, landslides, and heavy rainfall.