Prime Life to float IPO

KATHMANDU: Securities Board of Nepal has on Thursday granted permission to Prime Life Insurance Company Ltd to float 10,80,000-unit ordinary shares to the public. The issue manager of the Prime Life Insurance is NIDC Capital Markets.

SFL expands

KATHMANDU: Standard Finance Ltd (SFL) extended its service in Tansen and Pokhara from Thursday. Tansen branch was inaugurated by Bhushan Rajalwat, president of Palpa chapter of FNCCI and Pokhara branch was inaugurated by dignitaries in the field of industry, journalist and SFL officials. The company is in the process of upgrading itself to a class-A bank and preparing 1:1 rights issue.

PCBL in Jorpati

KATHMANDU: Prime Commercial Bank Ltd (PCBL) extends its service in Jorpati of Kathmandu on Thursday. Jorpati branch is the 12th branch of the the PCBL that is promoted by bankers, industrialists and businessmen.

AK’s third aircraft

KATHMANDU: Air Kasthamandap (AK’s) has added third aircraft in its fleet. The third craft -- P750 XL -- made in Pacific Aerospace Pvt Ltd of Newsland landed at the TIA on Thursday.