NIC Asia Bank Set for Massive Capital Expansion: Central Bank Approves 50% Right Share Issue!

NIC Asia Bank has received preliminary approval from Nepal Rastra Bank to issue 50% right shares to its shareholders. The proposal will be presented at the upcoming 28th Annual General Meeting for final endorsement before proceeding to the Securities Board of Nepal.

Published May 4, 2026By Share Gyan

NIC Asia Bank Set for Massive Capital Expansion: Central Bank Approves 50% Right Share Issue!

NIC Asia Bank Limited (NICA) has obtained preliminary approval from Nepal Rastra Bank (NRB) to issue 50 percent right shares. The bank received the go-ahead to issue new shares in a 1:0.5 ratio, meaning shareholders can apply for one new share for every two shares they currently hold.

NRB granted the pre-approval on April 29, 2024 (Baishakh 17). The special proposal regarding this right share issuance is scheduled to be presented at the bank's upcoming 28th Annual General Meeting (AGM). The formal issuance process will move forward once the proposal is passed by the AGM and receives final approval from the Securities Board of Nepal (SEBON).

Mandu Hydropower’s 13.63 Lakh Bonus Shares Listed on NEPSE

Mandu Hydropower Limited (MANDU) has listed 1,363,637 units of bonus shares on the Nepal Stock Exchange (NEPSE), making the shares eligible for trading.

Nov 3, 2026

Vision Lumbini Urja Proposes 3.6842% Cash Dividend, Calls 8th AGM

Vision Lumbini Urja Company Limited (VLUCL) has proposed a 3.6842% cash dividend for its shareholders and announced the date of its 8th Annual General Meeting (AGM). The company has also fixed Kartik 16 as the book closure date.

Oct 30, 2026

NEPSE Adjusts Share Prices of Manjushree Finance and Barun Hydropower

Nepal Stock Exchange (NEPSE) has adjusted the share prices of Manjushree Finance (MFIL) and Barun Hydropower (BARUN) following their book closures for bonus share distribution.

Oct 28, 2026

Last Day to Secure Dividends of Manjushree Finance and Barun Hydropower

Investors must hold shares of Manjushree Finance and Barun Hydropower by today, October 27, to qualify for their respective dividends and participate in the upcoming annual general meetings (AGMs).

Oct 27, 2026

Upper Hewakhola Hydropower’s 91.3% Rights Shares Enter SEBON Pipeline

Upper Hewakhola Hydropower Company Limited (UHEWA) has entered the preliminary review pipeline of the Securities Board of Nepal (SEBON) for a proposed 91.3% rights share issuance worth Rs. 52.50 crore. The company plans to issue 5.25 million rights shares to existing shareholders, with Reliable Investment and Merchant Capital Limited appointed as the issue manager.

Oct 16, 2026

NIFRA Approves 5.2632% Cash Dividend at 8th AGM

Nepal Infrastructure Bank Limited (NIFRA) has approved a 5.2632% cash dividend for shareholders at its 8th Annual General Meeting (AGM) held in Battisputali, Kathmandu.

Oct 12, 2026