NIBL Capital Markets, CDSCL sign demat agreement

KATHMANDU, Jan 11: NIBL Capital Markets Ltd has signed an agreement with CDS and Clearing Ltd to dematerialize 100 million mutual fund units of NIBL Samriddhi Fund-I. Issuing a statement, NIBL Capital Markets said that its General Manager Mekh Bahadur Thapa and CDSCL CEO Dev Prakash Gupta signed the agreement amid a ceremony held on Sunday.

According to the agreement, the mutual fund units have acquired International Securities Identificaion Number (ISIN) NPE257A35009 for trading in the stock market. NIBL Capital Markets has also urged investors to dematerialize their mutual fund units as the dematerialized form of share trading is completely replacing the existing physical trading from mid-January, the statement added.

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