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
The value of the dollar did not change today, so did the exchange rate of other foreign currencies
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 152 rupees 59 paisa and the selling rate is 153 rupees 19 paisa.
The valu...
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...
An increase of 15.70 points in NEPSE, a turnover of 4 billion 10 crores
Kathmandu. On the third trading day of the week, NEPSE index increased by 15.70 points to 2566.07. During the day, 92 lakh 55 thousand 457 shares of 345 companies were bought and sold, and over 4.1 billion shares were...
KIEC's assistance of Rs 15,55,555 for flood-affected
The Kathmandu. KIEC has contributed Rs.15,55,555 to the Prime Minister's Disaster Relief Fund for the relief of people affected by floods and landslides in different parts of the country, including Bhotekoshi area. The amount collected from the jo...
Government decision is now through digital system, new regulations to end delays are implemented
Kathmandu. The government has introduced the 'Regulations on Simplifying and Digitizing Government Decision-Making Process, 2083' to make the decision-making system of public administration more responsible, fast and effective. The 'Governme...
Development expenditure only 23.58 percent in nine months
Kathmandu. In the nine months of the current fiscal year 2082/83, the government has spent about 54 percent of the budget. The government had brought a budget of 19 trillion 64 billion rupees for the current financial year. Out of that, the govern...



