Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
The rights offering for Api Power Company Limited (API) closes on 9th Ashad 2078. Investors can acquire 56,70,000 right shares at a 1:0.2938 ratio to help raise capital for the Upper Chameliya Hydropower Project, covering 30% of the Rs. 740 crore project cost.
Narayani Development Bank Limited (NABBC) submitted an application to the Securities Board of Nepal on Ashad 04 to launch a rights issue at a 1:1 ratio, issuing 13,12,338 shares with Global IME Capital as issue manager. The proposal follows earlier approval by Nepal Rastra Bank, which allowed a 1:1 ratio instead of the AGM‑endorsed 1:2.
The cash dividend of 3.7894% has already been deposited into shareholders’ bank accounts. Investors who have taken a loan against the shares must submit a No Objection Letter to receive the dividend, and bonus shares will be credited after NEPSE listing.
Auction opens 9th Ashar and closes 16th Ashar, 2078. 435,894 unclaimed right shares will be sold, minimum bid Rs.100.
Investors of Tinau Mission Development Bank Limited must pay the remaining tax for the 6% bonus shares issued in FY 2076/77 by 14th Chaitra, 2077 to receive the shares. The tax payment should be made to the Citizens Bank International Limited account, after which shares will be dematerialised under the 100:96 swap ratio.
Shikhar Insurance submitted its 10:3 rights offering proposal for 5,275,572 shares on Jestha 25, awaiting regulatory board approval; Excel Development Bank made a similar application on Jestha 27 for 2,433,363.67 shares.
Book closure for HIDCL's 1:1 rights offering ends tomorrow (Jestha 28); apply before then to be eligible. The rights will open immediately after the company receives a credit rating and promoters submit the required amount.
10% bonus shares of Life Insurance Corporation Nepal (LICN) are now listed on NEPSE. The FY 2075/76 dividend includes a 10.5263% total, comprising 10% bonus shares and 0.5233% cash dividend, effective from the last trading day.
NABBC's rights offering is now approved at a 1:1 ratio by Nepal Rastra Bank, effective immediately; the paid‑up capital will double instead of triple as originally planned, with the last traded price at Rs. 770.
The rights offering by Api Power Company Limited (API) opens today, 20th Jestha, 2078 and will close on 9th Ashad, 2078, offering 56,70,000 right shares at a 1:0.2938 ratio.
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