According to the Nepal Stock Exchange (NEPSE), Himalayan Reinsurance traded an impressive 288,827,000 shares, amassing a total turnover exceeding 18.21 billion Nepalese rupees.

This milestone highlights the company’s significant presence in the market. Himalayan Reinsurance is now facing the challenge of meeting the regulatory requirement set by the Nepal Insurance Authority, which mandates a paid-up capital of 20 billion rupees by the end of January. In response, the company has proposed issuing 80% right shares to raise the necessary capital, to distribute additional bonus shares to enhance shareholder value.

The company has already distributed a 4% bonus share and a 0.21% cash dividend based on its current paid-up capital. The upcoming rights issue, amounting to 8.32 billion rupees, will be offered in a ratio of 10:8. Post-issue, the company’s paid-up capital is projected to be 18.72 billion rupees, still falling short of the 20 billion rupee requirement. Therefore, further rights issues may be on the horizon to bridge this gap.

Following Himalayan Reinsurance, Shivam Cement has also seen substantial trading activity. Over the past year, 33,606,000 shares of Shivam Cement were traded, with a turnover exceeding 18.02 billion rupees, placing it second in the turnover rankings.

Among the top ten most traded companies, the lineup includes:

1. Himalayan Reinsurance
2. Shivam Cement
3. Sonapur Minerals and Oil
4. NRN Infrastructure and Development
5. Solti Hotel
6. Hathaway Investment
7. Himalayan Distillery
8. Gadi Group Power
9. Gorkhaz Finance
10. Mountain Energy Nepal

These companies have collectively seen significant trading volumes, reflecting a vibrant and active market in Nepal.