Nepal Today

Tuesday, May 7, 2013

SHARE PRICES GAIN AFTER CONTINUOUS FALL Kathmandu, 7 May: Share prices Tuesday gained after a continuous fall. Stocks of commercial banks and hydro power companies gained. Share price increased 3.17 points immediately after the market opened for trading. Nepse increased to 485.1 points. Nnnn NEPAL, CANADA BUSINESS EXECUTIVE CHAMVER FORMED Kathmandu, 7 May: Canada-Nepal Business Executive Chamber with representatives from Indo-Canadian Business Chamber (ICBC) and FNCCI has been formed. It will work jointly on key sectors. Gyanendra Lal Pradhan , Om Rajbhandari Chandra Prasad Dhakal and Mrs Ritu Singh Vaidya are in the chamber. Pramod Radhakrishna (Indo Canadian Business Chamber -ICBC), Dr MP Raju (Lea Associates), and Alisa Kreynes, Manitoba (Hydro International) represent Canadian business persons.. Nnnn NBL GOING PUBLIC TO INCREASE CAPITAL Kathmandu, 7 May: The oldest bank, Nepal Bank Ltd. (NBL) is gong public 23 May to raise Rs.3.71 billion. Altogether 36.1 million shares are being issued with par vale of Rs.100 per share with shareholders gven option to buy right shares at .9.5 per share. Nnnn BoK BONDS SUBSCRIBED Kathmandu, 7 May: All 400,000 units of Bank of Kathmandu (BoK) Bonds have been lifted, the bank said. Rs,400 million was raised. Each bond was worth Rs,1,000 matures n seven years with a coupon interest of eight percent. nnnn...


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