Aakash Capital receives green signal from SEBON to work as merchant banker; to provide portfolio management services

Aakash Capital Limited has received a license from Securities Board of Nepal (SEBON) today to begin its operation. With this certification, Aakash Capital can now start its operation as the 25^th merchant banking institution in the industry as a provider of Portfolio Management (PMS) services. The newly licensed Aakash Capital has paid-up capital of Rs 5 crore as mandated by SEBON for the merchant banks for PMS services and is kicking off its services from the office located at Putalisadak. Mr. Niranjan Ghimire, spokesperson at SEBON informed that there is no such regulatory deadline for the newly licensed company to begin functioning and estimated that the merchant bank will come online soon.