Saturday, August 15, 2015

NEPSE at seven-year high of 1,088.42 points

Nepal Stock Exchange (Nepse) benchmark index jumped by 25 points this week to close at seven-year high of 1,088.42 points on Thursday.

Gurans Life Insurance to convert 19% promoter shares into ordinary.

Gurans Life Insurance has concluded its sixth annual general meeting. The meeting has decided to convert 19 percent of the promoter shares into ordinary shares. With this, the ratio of promoter and ordinary shares will be 51:49. The meeting also elected Motilal Dugar as the new chairman. The new board of directors consist of Malchand Dugar, Jyoti Kumar Begani, Deepak Nepal, Apachha Kumar Yadab and Bishal Tated. (PR)- Ktm Post

Century Commercial Bank has Anuj Mani Timilsina as CEO

Anuj Mani Timilsina has been appointed as the chief executive officer of Century Commercial Bank. The 172nd board of directors’ meeting decided to name Timilsina as the new CEO. Timilsina has been the deputy CEO of the bank for the last one and half years. He has 18 years’ experience in various other commercial banks. (PR)- Ktmpost

Tuesday, May 5, 2015

Premier Insurance Company Ltd extends right shares till Jestha 4, 2072.

Premier Insurance Company Limited has extended the date for filing applications for right shares.

The insurance company, which had earlier set the date for filing applications between Chaitra 16, 2071 and Baishakh 20, 2072, has now said that interested eligible applicants can apply for right shares till Jestha 4, 2072.

Shareholders till Falgun 25, 2071 are eligible to apply for the right shares.

Premier Insurance is issuing 13,48,951 unit right shares at the ratio of 1:1.15.

Existing shareholders can collect applications for the right shares from the offices of Premier Insurance and from the issue manager Laxmi Capital Market Private Limited located at Pulchowk, Lalitpur.