13 more companies to be traded in Demat form from today

CDS and Clearing adds thirteen more companies for trading their shares in de-materialized form from today, Mangsir 28. Starting Mangsir 13 the shares of these companies were traded in both materialized and dematerialized form. However, buyer could only receive such shares in dematerialized form. The following is the list of 13 companies whose shares are traded in dematerialized form only starting today:

1. Innovative Development Bank Ltd.
2. Western Development Bank Ltd.
3. Nepal Community Development Bank Ltd.
4. Araniko Development Bank Ltd.
5. Chhimek Laghubitta Bikash Bank Ltd.
6. Sindhu Bikash bank Ltd.
7. Tourism Development Bank Ltd.
8. Salt Trading Corporation
9. Narayani National Finance Ltd.
10. International Leasing and Finance Company Ltd.
11. Surya Life Insurance Company Ltd.
12. Life Insurance Corporation (Nepal) Ltd.
13. Nabil Balance Fund 1

As per the reforms announced by SEBON, the trading of shares of all listed companies will only take place in dematerialized form effective Magh 01, 2072. SEBON aims for drastic changes to modernize secondary market; Market depth within a month, only dematerialized shares to be traded from Magh 01