Nepal Bank suggested the underwriters to conclude the share transfer ASAP following the second direction from Securities Board of Nepal (SEBON) to the underwriters regarding the FPO shares.
On Tuesday, SEBON directed the underwriters to bring in the FPO shares to their demat account before transferring the shares to the demat account of any third parties from secondary market.
Owing to SEBON direction, Nepal Bank asked the underwriters to complete the task so that to ease listing of the shares in NEPSE.
Moreover, Nepal Bank assures that the FPO will enlist within next few days after completing the required procedure in NEPSE and CDSC.
