Thursday, April 11, 2019

One can apply for 10-unit of stock

The regulator of the capital market today relaxed the rule on the minimum number of stocks one can apply.
Securities Board of Nepal (Sebon) relaxed the rule and said that one can apply for 10 units of share in public offerings from current 50 units minimum. "The move is expected to benefit students, homemakers and other small investors," the board said, adding that it will make the share market more inclusive and accessible to a greater mass. "The directive will come into effect immediately."
“Sebon is hopeful that the move will help achieve the goal of ‘one citizen, one demat’ by providing access to all in the capital market,” the regulator's statement reads.

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