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.
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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..
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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.
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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.
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