Nepal companies seek SEBON approval for Rs 40.15 billion in rights shares

Thirty companies listed on the Nepal Stock Exchange (NEPSE) have applied to the Securities Board of Nepal (SEBON) for approval to issue rights shares totaling Rs 40.15 billion. The applications include 401.47 million shares across various sectors, most notably 17 hydropower companies seeking approximately Rs 20.82 billion to fund new projects, repay loans, or strengthen financial positions. Notable applicants include Sahas Urja Limited, which is seeking 45.738 million shares, and Nepal Lube Oil, which has applied for a 1:2 rights issue.

In recent market activity, the NEPSE index has shown marginal fluctuations. The index rose by four points to close at 2,595 points on a recent Monday, despite a decline in total transaction volume to Rs 4.46 billion. Over a weekly period, the market saw a slight increase of 0.18 percent, resulting in an investor gain of Rs 8 billion following a previous week of significant losses. While the banking and trading sectors saw gains, the hydropower and hotel and tourism sectors experienced declines.