Three firms express interest in opening a new stock exchange market

KATHMANDU: Three requests to operate a new stock exchange market and four requests to open a commodity exchange market have each been received by the Securities Board of Nepal (SEBON).

Himalaya Stock Exchange, National Stock Exchange, and Annapurna Stock Exchange have requested the regulator’s approval to launch the stock exchange business, according to SEBON.

A few other contenders for running commodity exchange markets include Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange, and Multi Derivative Exchange.

The regulator for the industry had requested applications from the interested firms and had set a deadline of Sunday. The commodity exchange market will be a brand-new organization in its sector within the country, whereas the stock exchange will be a parallel institution to the current Nepal Stock Exchange (Nepse).

On September 18, 2022, the SEBON issued its first application invitation. Following the Supreme Court’s directive, it was forced to put an end to the procedure.

Fiscal Nepal |
Monday April 24, 2023, 10:31:06 AM |

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