The Securities Board of Nepal (Sebon) has also approved 37.49 million units of bonus shares issue worth Rs 3.48 billion belonging to 43 different companies during the last 10 months of the current fiscal year.[break]
Sebon -- the security market regulator -- has approved right shares issue worth Rs 260.85 million belonging to four different companies in April-end.
Unique Finance and Patan Finance companies got permission to issue right shares worth Rs 100 million and Rs 33 million respectively. Triveni Bikash Bank and Kankai Bikash Bank also got permission to issue right shares worth Rs 67.8 million and Rs 60 million respectively.
Similarly, Sebon has given its nod for shares and debentures issues worth Rs 1.98 billion by 14 different companies until mid-May under the Initial Public Offering (IPO). Bagmati Development Bank, Manjushree Financial Institution, First Micro Finance Development Bank, Nepal Consumer Development Bank, Summit Micro Finance Development Bank, Janata Bank Nepal, Metro Development Bank, Kanchan Development Bank, Gulmi Bikash Bank, Tourism Development Bank, Pacific Development Bank and Lotus Investment Finance have been granted permission to issue ordinary shares amounting to Rs 1.58 billion.
Siddhartha Bank and Nepal SBI Bank got approval from Sebon to issue debentures worth Rs 400 million each.
Meanwhile, Nepse reported a total of 5,321 transactions involving 6,87,325 units of shares worth Rs 240 million last week. Nepse saw a whopping drop (33.54 percent) in transactions amount this week compared to the previous week. Nepse index, which indicates investor confidence, lost 39.32 points over the week amid persisting political uncertainty in the country.
Related story
Ridge Line Energy lists 11.85 million shares on NEPSE, trading...
