Strategic partner for NEPSE restructuring recommended
Summary
A government committee recommends bringing a strategic partner to restructure and capitalize Nepal Stock Exchange Limited (NEPSE) for modernization and competitiveness.
Key Points
- A study committee submitted a report recommending a strategic partner for NEPSE reforms, capital increment, and ownership restructuring.
- The committee highlighted NEPSE's current structure as insufficient to meet future market challenges and emphasized the need for modernization.
- It suggested issuing bonus shares to increase paid-up capital to Rs 300 million and possibly additional shares for further expansion.
- The report stressed that government dominance limits innovation and efficiency, making a strategic partner essential for technical and managerial advancement.
