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Tag Archives: Sebon

Stock market bounces back as officials soothe investors

The stock market bouned back today as the capital market regulator tried to sooth the investors. Nepal Stock Exchange (Nepse) index gained 44.5 points, or 5.08 per cent, in the intra-day trading today to close at 920.06 points. The buying

Capital market regulator urges financial market regulator for better coordination

The capital market regulator urged the financial market regulator to coordinate before bringing any policy as it could hit the capital market. Securities Board of Nepal (Sebon) today asked central bank to coordinate with it before taking any decision on

Cabinet approves ADB local currency bond

The government today approved Asian Development Bank’s (ADB) Nepali rupee bonds worth up to Rs 50 billion to raise funds from the domestic market to finance various development projects including eight hydropower projects. A Cabinet meeting’s decision today has made

Rastriya Banijya Bank to offload cross holding shares through auction from Sunday

Rastriya Banijya Bank is offloading cross holding shares of Nepal Investment Bank and Nepal Aawas Finance partially to small investors, if they are not fully subscribed. The fully-government owned bank has decided to offload its 6,220,066 units of Nepal Investment

Central bank tries to calm stock investors

The central bank today asked the investors not to be buoyed by rumours at the stock market. The central bank’s move to clip the wings of banks and financial institutions on short-term investment on the stock market has been blamed

Government urges stock investors to calm down

The government today urged investors not to panic as the share market has been ‘unnaturally’ looking down. Speaking at a press meet joint secretary at the Finance Ministry Krishna Prasad Devkota said that the government was aware of the unnatural

More than half of listed companies yet to demat their shares

The listed companies are reluctant to demat their stocks at CDS and Clearing Ltd (CDSCL), despite Nepal Stock Exchange’s ultimatum to register by mid-August. “Only three companies have registered themselves at the CDS and Clearing within mid-August deadline,” the CDS

Sebon to allow merchant banks to expand service

The capital market regulator is planning to allow merchant banks expand their services with increased paid up capital. Securities Board of Nepal (Sebon) is going to let the merchant banks do consultancy services, said an official at the board. A

Minimum price for promoters’ shares of insurance companies fixed

Nepal Stock Exchange (Nepse) has fixed the threshold for transaction of promoters’ share of insurance companies. The front line regulator today notified all the listed life and non-life insurance companies that it will control possible evasion of capital gains tax,

Temporary listing provision on cards

Nepal Stock Exchange (Nepse) proposed temporary listing of companies before a permanent listing. According to a draft Listing Bylaws, Nepse can allow companies to be listed for the maximum period of two years, if they fulfil listing criterion. The companies

Upper Tamakoshi gears up for public issue

Upper Tamakoshi Hydropower is soon issuing shares to the locals of Dolakha district, where the 456-Mega Watt hydropower plant is under construction. “In the first phase, the company is issuing a total of 36,006,000 units of shares to the Dolakha

Companies given three months to digitise share certificates

CDS and Clearing has asked the listed companies to get their stocks digitalised within the next three months. The CDS has requested them to dematerialise their share certificates as per its plan to go into electronic clearing of share transactions

Electronic share trading begins

Electronic share trading began here today – for the first time in the country – with two stockbrokers Kalika Securities and Trishakti Securities trading some 30 units of dematerialised shares of Agriculture Development Bank Nepal. Nikesh Neupane sold his dematerialised

Nepal Bangladesh Bank share transfer dispute nears resolution

Securities Board of Nepal (sebon) has revoked the ban on trading of shares of Nirmal Pradhan and his associates after they committed to settle current Nepal Bangladesh Bank (NBB) share transfer dispute. The row has hit more than 1,000 investors

Discussion on Nepal Bangladesh Bank disputed shares inconclusive

The discussion on dispute over transfer of Nepal Bangladesh Bank shares ended inconclusively today. After the whole day discussion to settle the issue of non-transfer of ownership of Nepal Bangladesh Bank (NBB) stocks old by Nirmal Pradhan, there could not

Century Commercial Bank allots primary shares

Century Commercial Bank has allotted its ordinary shares to the public today. The bank distributed some 9.2 million units of ordinary shares to 157,503 subscribers. Small investors — who had applied for less than 500 unit shares — have been

Sebon asks Nepse to freeze disputed Nepal Bangladesh Bank shares

Capital market regulator has finally woken up and asked the fr0nt line regulator to freeze the transaction of disputed shares of Nepal Bangladesh Bank (NB Bank). Securities Board of Nepal (Sebon) today directed Nepal Stock Exchange (Nepse) to stop transactions

Nepse orders postponement of Nepal Bangladesh Bank annual general meeting

Finally, Nepal Stock Exchange – the front line regulator – has directed Nepal Bangladesh Bank to postpone its annual general meeting (AGM) scheduled for March 11 due to the ongoing row regarding its share transfer. The stock exchange has told