NLG Insurance distributing cash dividend warrants from 23rd Feb 2014

NLG Insurance Company Limited is distributing 11.05 percent cash dividend warrants to its shareholders from today. Earlier this month the Annual General Meeting of the insurer had endorsed 11.05 percent cash dividend and 10 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year 2069/70.NLG had posted a net profit of Rs 14.37 crore in the last fiscal year.The dividend warrants are being distributed through its RTS, Civil Capital Market Limited at Kamaladi in Kathmandu from 10:00 AM to 3:00 PM from Sunday...

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Ridi hydropower IPO to be oversubscribed by 70 times

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 70 times, according to the preliminary estimate.“We collected 2.7 arba by Wednesday, which means it was oversubscribed by some 25 percent in the first three days,” a highly placed official with Civil Capital Limited told ShareSansar today.  “Going by the data pouring in from the collection centers, we are expecting...

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Century Bank IPO allotment by March 3rd to 4th

The Initial Public Offering (IPO) worth Rs 92 crore issued by Century Commercial Bank Limited is expected to be allotted March 3 or 4, according to the issue manager. “We are planning to allot the IPO by March 3 or 4, and distribute the allotment slips and refund the non-allottees most probably by March 9,” an official with Civil Capital Limited, the issue manager, told ShareSansar today. Century’s IPO was oversubscribed by more than 25 times. The IPO, which was issued from January 9, had closed on January 13. Century’s IPO was one...

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Samsung Galaxy Grand 2 launched in the Nepalese market

KATHMANDU: International Marketing Service (IMS), the authorized distributor of Samsung mobile phones in Nepal, on Sunday launched Galaxy Grand 2 phablet in the market. The successor of Galaxy Grand has been priced at Rs 36,900.   The dual-SIM phablet runs on Android 4.3 Jelly Bean OS and features a 5.25-inch HD TFT display. The phone with 720x1280 pixels resolution is powered by 1.2 GHz quad-core processor and 1.5 GB RAM. The phone...

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Ridhi Hydropower Company to issue IPO from February 16th

KATHMANDU, Feb 9: Ridi Hydropower Development Company (RHDC) is floating 1.17 million units of primary shares with face value of Rs 100 each from February 16. The company had received the go-ahead from the Securities Board of Nepal (Sebon) - the stock market regulator -- to issue shares worth Rs 117 million on February 3. The IPO will continue till February 20. The 2.4-megawatt capacity project has been developed on Ridi River that borders Gulmi and Palpa districts. It has allocated 58,500 units of shares to three mutual funds -- Nabil...

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Tourists coming to Nepal for Mountain Biking tripled in the last 3 years

KATHMANDU, Feb 1: The number of tourists coming to Nepal for mountain biking has tripled over the last three years. Ranjan Rajbhandari, director of Nepal Mountain Bike Tours, said the number of foreigners as well as Nepalis preferring mountain biking has shot up mainly because of increasing public consciousness about health and shortening of trekking trails. “Our record shows that around 20 percent of the tourists visiting Nepal go for...

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