NESPE suspends trading of NB Insurance

Wed, Jan 1, 2014 12:00 AM on Others,

NESPE suspends trading of NB Insurance

Sharesansar, January 1:

Nepal Stock Exchange Limited (NEPSE) today suspended the trading of the shares of NB Insurance Company  Limited.

The share trading of NB Insurance has been suspended as Beema Samiti has stopped the company to perform all non-life insurance business, according to the stock exchange.

Last week, the regulator had decided to stop all the activities of the insurance company, citing its failure to meet the criteria set by the board.