NIC Asia joins CDS, Shares to be de-materialized from now

ShareSansar, November 11:

NIC Asia Bank Limited has de-materialized its shares. Now all the promoter and ordinary shares can be traded through CDS and Clearing Limited.

The bank received International Securities Identification Number (ISIN)-‘NPE029A00006’- for its ordinary shares and ‘NPE029A40002’ for its promoter share.

The total number of the listed companies to become the CDS member has become 63 till date. Likewise, 63 other listed companies are also in the pipeline for admission of their securities for de-materialization process of their securities.

Moreover, all the 50 stock brokers have already taken the clearing membership from CDSC to support the electronic system.