Best Finance hits Rs 100.05 cutoff in rights share auction
The auction for Best Finance's unsubscribed promoter rights shares has concluded with a cutoff price of Rs 100.05; the highest bid was Rs 112.5.
Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
The auction for Best Finance's unsubscribed promoter rights shares has concluded with a cutoff price of Rs 100.05; the highest bid was Rs 112.5.
Everest Insurance Company (EIC) has credited 10% bonus shares to shareholders’ Demat accounts. Shareholders who have not yet dematerialised their shares should contact NMB Capital Limited to complete the process.
Barun Hydropower Company (BARUN) has credited 5% bonus shares to existing demat accounts; remaining shareholders must contact NIBL Ace Capital or its branches to dematerialize before the registration deadline.
Manjushree Finance Limited is auctioning its unsold right shares from today (Jestha 14, 2075) until Jestha 21, 2075. Bidders must quote a minimum price of Rs 100 per unit, can apply for at least 1,000 units in the promoter group and 100 units in the ordinary group, and must deposit the bid amount to Laxmi Bank Account No 00534010283 in the name of NIBL Ace Capital.
Auction of 9,81,708.725 unsold promoter right shares opens today and runs to Jestha 21,2075. Bidders may apply for at least 1,000 units and must deposit bids to account 0010017424600001 at Kumari Bank under NIBL Ace Capital. LTP currently Rs 120.
CRNL has assigned IPO Grade 5 to City Express Finance Company Limited’s proposed 166.67% rights share issue, indicating poor fundamentals; investors should review details before committing.
Upper Tamakoshi Hydropower Limited is holding its 10th AGM today at 11 AM in Kathmandu to approve financial assistance to Dolkha locals and finalise annual accounts. The meeting will also address the pending IPO for Dolkha residents, which remains unapproved by SEBON amid local protests.
Shareholders of Purnima Bikas Bank Limited and Citizen Investment Trust can now trade the newly listed 24,74,082.72 and 16,28,582.72 unit bonus shares, respectively. Kabeli Bikas Bank Limited has also converted 2,26,669 promoter shares into ordinary shares, resulting in a 51:49 share structure.
Book closure for Jebils Finance Limited’s 40% rights share issuance will take place on Jestha 23, 2075. Shareholders registered on Jestha 22 are eligible to receive 10 rights shares for every 4 existing shares.
Pokhara Finance will convene its 21st AGM on Asar 5, 2075; shareholders listed up to Jestha 26 are eligible to attend, and the meeting will approve issuing 8.26% bonus shares worth Rs 6.22 crore.
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