16 companies to issue shares worth Rs 29 bln

KATHMANDU: Sixteen companies have got permission to issue shares worth Rs 20 billion by the second week of January.

This is an excess by 21.2 percent compared to the same period of the current fiscal year 2019/20.

Of the total shares allowed for public issue by January 16, Securities Board of Nepal (SEBON) had permitted to issue shares worth Rs 16.5 billion.

With the Nepal Rastra Bank’s provision allowing the companies to issue 25 percent of letter for loan of the paid-up capital, amount of the letter for loan has gone up, according to SEBON.