NRB selling its NEPSE share

Kathmandu–Nepal Rastra Bank (NRB), the central bank in the country, is pulling out its investment in the Nepal Stock Exchange (NEPSE) Limited.

In a notice today, the bank states that it is selling the share of NEPSE at an auction and the starting value is Rs 1,032 per unit. A sealed application form is sought from any interested bank, financial institute, share trader and the listed organisation by August 19.

The sealed documents shall be submitted to the NRB fiscal management department to pursue the purchase by the given deadline. The bank is selling 1,729,989 units of share.

NEPSE has 58.66 percent government investment, 34.60 percent of the central bank, 6.12 percent of the NIDC Capital and share brokers have their 0.62 investment in it. The trading process is taking place as per the NRB Act, it is said.-