First Business News Portal in English from Nepal
KATHMANDU: Nepal Rastra Bank (NRB) has sold 69.77 percent of its shares in the Nepal Stock Exchange (Nepse) to Rastriya Banijya Bank (RBB).
Out of its 729,989.50 shares of Nepse, the central bank has reportedly sold 509,342 units to the RBB, according to the Nepse. Shares were exchanged through the Nepse’s over-the-counter system at a price of Rs 676.15 per share for the transaction.
Prior to this, the NRB and RBB held shares in the Nepse of 14 and 6 points, respectively. Laxmi Bank and Prabhu Bank each have 5%, the government owns 58.66%, the Employees Provident Fund has 10%, and the remaining 0.6% is made up of other businesses.
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