Yambaling Hydropower will issue an IPO to the general public from May 16
Kathmandu. Yambaling Hydropower Company Limited is going to issue an IPO to the general public from the 16th of Baisakh. In the first phase, after distributing the IPO to project-affected and foreign employed Nepalis, the second phase is to issue the IPO to the general public as well.
The company has received permission from the Nepal Securities Board to issue 40 percent of its issued capital of 70 million rupees, i.e. 28 million rupees. Out of which, 700,000 shares have been distributed among the project-affected and 200,000 shares among Nepalis who are employed abroad.
Now, out of the remaining IPO, 1 lakh 5 thousand shares have been reserved for collective investment fund and 42 thousand shares for the employees working in the company.
Express
Related News
After a week, the stock market fell, the turnover did not increase
Kathmandu. The stock market, which has increased for 6 consecutive trading days, fell by 13.95 points on Wednesday and the NEPSE index fell to 2,712 points. The transaction amount has also decreased from 6.67 billion rupees the previous day to 5.1...
National Life gave 1 day training to agents in Pokhara
Kathmandu. National Life Insurance Company has provided 1 day training to its agents. Kazim Raza, a well-known trainer in the insurance sector, provided training to 185 agents working in all branch offices of Gandaki province and some branch offic...
Sabhakhola 'B' hydropower project tunnel 'break through'
Kathmandu. The tunnel of the under-construction Sabhakhola 'B' hydropower project in Sabhapokhari Rural Municipality of Sankhuwasabha has been breached. The main tunnel of the 21.5 MW Sabha Khola project, which is under construction using Sabha Kh...
11 km Nagadhunga-Malekhu section under Prithvi Highway is blacked out
Chitwan. Under Prithvi Highway, 11 km Nagdhunga Malekhu section has been blacked out. Last year eight kilometers were blacked, this year three more kilometers were blacked. According to Vijay Darai, Engineer of Nagadhunga Muglin Road Project, unde...
16 billion more spent on insurance agent commission, Nepal National Life in the lead, IME ahead in growth rate
Kathmandu. Life insurance companies have increased insurance agent commission expenses by 10 percent compared to the previous year. In the last financial year, life insurance companies have spent more than 16 billion on agent commission. According...
Yeti Brewery to issue IPO through book building method
Kathmandu. Yeti Brewery Limited has called a special general meeting at the registered office in Naxal at 11 am on Saturday 2nd June with the proposal to issue IPO through book building method.
The meeting will pass a resolution to conduct t...



