Kathmandu: The Nepal Stock Exchange (NSE) has sold shares of Nepal Investment Bank. Nepse has closed the trading of securities of the shareholders except the basic shareholders since June 30.
Nepse was under all-round pressure to open the business after the assets of the investors were mortgaged for a long time even after the merger process of Himalayan and Investment Bank was split.
Nepal Rastra Bank had agreed to sell only ordinary shares of Investment Bank to Nepse. As a result, the share trading of Investment Bank has been canceled.
Himalayan Bank’s share trading is still suspended. Meanwhile, the share price of the investment bank has started a negative circuit on the opening day of trading.