United Modi Hydropower Limited is coming with its ipo of Rs 28 lakh 75 thousand.

United Modi Hydropower Limited is coming with its ipo of  Rs 28 lakh 75 thousand. 100 per share will be floated in the market. NIBL Capital Markets Limited is the issue manager.

The company has already completed Lower Modi-1 and it was connected to National Grid in the year 2069. 10 MW Lower Modi-1 is situated at parbat District.

The company has plans to move forward with Lower Modi-2 Hydroelectricity project with the help of the district people of the project area and the general public. Lower Modi is 10.5 MW project.e project is run of the river project at Modi Khola of Parbat district. The construction of the project started in early 2010 and was completed in August 2012. The commercial operation of the project began in November 2012, since then the project is adding 61.01 GWh of energy annually to the national grid.

ICRA Nepal assigned IP grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.

 

Dibyaswori Hydropower Limited will be floating 3, 96,000 lakh unit shares from Ashar 13

Dibyaswori Hydropower will be issuing Initial Public Offering (IPO) worth Rs 3.96 crore (3, 90,000 lakh unit shares) to general public from Ashar 13 at face value of Rs 100. Ace Capital Limited has been assigned as the issue manager for the IPO. The form will distribute  from Ashar 10. People can collect form from Ace Capital Limited, Durbarmarg, Kathmandu and all  branches Ace Development Bank.  

ICRA Nepal has assigned an “[ICRA] IPO Grade 4”, indicating below average fundamentals to the proposed IPO of Dibyashwari Hydropower.

The Hydropower project is situated at Dhupu VDC in Sankhuwasabha. The hydropower project has the capacity of generating 4MW electricity.

The offer will close on Ashar 16.
 
 

Raped by ‘10 men’, speech-impaired woman has bite marks and bruises all over her body......

With tears in her eyes, she shows the bite marks and bruises on her body parts; they are everywhere on her cheeks, lips, neck, stomach, breast and buttocks.
Almost a week after she was gang-raped on the banks of the Jabi stream near the Armed Police Force battalion in Chandrauta, Kapilvastu district, the victim is haunted by nightmares, has lost appetite and shown signs of withdrawal.

“She has been like this ever since the incident,” said her sister-in-law. “On the first day she showed enough strength to show the police where she had been dragged and where the incident had taken place but has withdrawn since.”

In the wake of the incident, police has arrested APF Constable Lokraj Wosti after some clothing items and a soap bar believed to belong to the APF personnel were recovered from the incident site.

The APF has said it is committed to providing justice to the victim. “We have launched our own departmental probe. We have also been cooperating with the inspection carried out by Nepal Police,” said DSP Ajay Chatkulli.

Kanchan Development Bank Nepal is going to issue 2:1 right share; SGM today

Kanchan Development Bank Limited (KADBL) is convening its Special General Meeting (SGM) today . The SGM was held at Hotel Opera Private Limited, Mahendranagar, Kanchanpur at 11: 00 AM.

Main Goals of the SGM are which are approved as follows:

1. To endorse 2:1 (50%) right shares to its existing shareholders.
2. To convert 19% of the promoter shares into ordinary shares and maintain public promoter share structure ratio at 51:49.
3. To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

Kanchan Development Bank had earned net profit of Rs 3.36 crore in the third quarter of fiscal year 2072/73. The company’s paid up capital stand at Rs 19.80 crore and reserve at Rs 5.47 crore in Q3. After issuance of 50% right share it’s paid up capital will reach to Rs 29.7 million.

Kanchan Development Bank Ltd. is a public limited Development Bank. It is managed by a group of well experienced and professional managers having excellent leadership quality. . We are fully committed to glorify our corporate slogan “Sudurpaschim ko Arthik Bikas ko Sahayatri”. Kanchan Development Bank Ltd. was established on 2066/04/09 with head office at Bhimdutta Nagar Palika Mahendranagar, Kanchanpur as a public limited company with limited liability on shares under Company Act 2063 with Regd.No.:1159/066/067. The company received approval from the NRB for commencement of banking operation on o1/06/2066 and operation started on 03/06/2066.

Kedar Bhatta||PREM GEET Cover Song Competition Selection With Video

PREM GEET Cover Song Competition Selection With Video

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Tribhuvan University published result

 The Tribhuvan University, Office of the Controller of Examinations, Balkhu, today published the results of four-year Bachelors in Fine Arts, third year examinations, held under the Faculty of Humanities and Social Sciences in Shrawan, 2072.
The students can know their results at www.educationsansar.com www.edusanjal.com and www.tu.ntc.net.np.
One can avail result by dialing 1602 and following the instructions or could sms (ba symbol no) to 4949 for the same.

LPG cylinders distributing from 25 depots tomorrow

Nepal Gas is distributing a total of 2100 cooking gas cylinders (7.1 kgs) from 25 depots of the Kathmandu valley on Friday.
The LPG bottler company said it will ration from 70 to 350 cylinders based on the number of its customers.  List is given below:

ICC clears Nepal U-19 captain Raju Rijal on alleged age discrepancy

 Nepal captain Raju Rijal is eligible to play in the ICC U19 Cricket World Cup 2016, the International Cricket Council (ICC) confirmed on Tuesday. Mumbai Cricket Association (MCA) officials and a former Ranji Trophy player Kaustubh Pawar had alleged that Raju Rijal had captained Mumbai U-15 in 2000 as Raju Sharma. The statement says that it will allow Rijal to continue playing in the tournament.

The statement reads: "The ICC has spoken with the Chief Executive of the Cricket Association of Nepal (CAN), concerned player and the Nepal Team Manager, and has again reviewed the documents which were submitted by the CAN before the start of the competition. These documents include copies of his passport and birth certificate, which were issued by the Federal Democratic Republic of Nepal, as well as a signed age determination declaration."

According to the official documents, Raju Rijal is born on 26 September 1996. Players born on or after 1 September 1996, are eligible to participate in the ICC U19 Cricket World Cup 2016. As such, the ICC has no evidence to suggest that the passport and birth certificate, issued by the Nepalese government/authorities, are not genuine or that the statement provided by the player is false. Unless any new information comes to light, the ICC considers this matter closed.".