Kathmandu, May 6
Ramesh Kumar Hamal, Chairman of the Nepal Securities Board, has stated that within two
months, arrangements will be made to provide a quota in ordinary shares (IPO) to Nepali
employees working abroad. Procedures are being worked out, according to Hamal.
He stated that it has been 76 days since the chairman of the board was appointed on Friday ”I’m taking things day by day since my time here is limited. I’ve come to do something.”
He also stated that book building will now proceed. He stated that he has instructed Nepse to proceed with the work without regard for transparency.
Sarvottam Cement has already started the book-building process to issue shares. After the
board chairman and the executive head of Nepse were involved in the matter of the best share buy, the book building process was put on hold. ”We want transparency in the first book building should not come up,” Chairman Hamal said. ”We will bring the actual sector.”
He stated that he came to the regulatory body from the private sector and that he was excited about it. He also stated that he felt at ease working because both the Prime Minister and the finance minister were optimistic about the market’s progress.
