KATHMANDU, March 25: The Securities Board of Nepal (SEBON) has granted Machhapuchhre Capital Limited permission for de-listing and sales management as well as share registration.
With this approval, Machhapuchhre Capital Limited can now manage the issuance, sale, and distribution of primary public offerings (IPOs), right shares, debentures and other securities. The company will also provide services such as managing shareholder details, dividend distribution, and ownership transfer as a share registrar.
SEBON grants permission to open 20 branches of share brokers
Machhapuchhre Capital Limited, a subsidiary of Machhapuchhre Bank Limited, operates as a public limited company in the securities business (merchant banking). It provides services through the Securities Board of Nepal, including securities guarantees, investment management, institutional consultancy, deposit membership, and collective investment fund services. Recently, the company successfully launched its first closed-end scheme under the collective investment fund, "MBL Equity Fund," and sold all the units in the public offering.
The company now offers all the services provided by a merchant bank with the additional approvals. It has committed to providing reliable and transparent services to the general public, institutional investors, and other stakeholders in a more robust manner.