Nepal Reinsurance Concludes Credit Rating for IPO

Jun 28, 2019 12:26 PM Merolagani

Nepal Reinsurance Company has concluded credit rating of proposed primary shares (IPO) from ICRA Nepal. The company is set to issue IPO worth Rs 1.60 billion in near future.

ICRA Nepal has assigned Grade 2 rating to the proposed IPO indicating above average fundamentals. The 4th AGM of the company held on June 14 endorsed the IPO proposal. For this regard, the company has appointed RBB Merchant Banking as its issue manager.

Nepal Reinsurance has authorized capital of Rs 15 billion, issued capital of Rs 10 billion and paid-up capital of Rs 8.40 billion. After the IPO, the paid-up capital will reach Rs 10 billion.

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NEPSE Adjusts Stock Price of Oriental Hotels

Oct 15, 2019 10:54 AM

Nepal Stock Exchange (NEPSE) has adjusted stock price of Oriental Hotels (OHL) on October 15 after the announcement of 5 percent stock dividend following the book close for its upcoming AGM.