NEPSE steps down amid backlash

Nov 19, 2018 Merolagani

Nepal Stock Exchange (NEPSE) has stepped down in the controversial price adjustment of promoter shares of Everest Insurance (EIC).

Amid the backlash of adjusting the price of promoter share as of ordinary shares, NEPSE has scrapped the previous decision.

Following this, all the transaction performed after share price adjustment has been suspended.

Earlier, NEPSE had adjusted the price of 105 percent promoter shares of Everest Bank at the price of ordinary shares.

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