The government has formed a five-member committee to study and propose measures for restructuring the Nepal Stock Exchange (NEPSE).
According to the Ministry of Finance (MoF), the committee is chaired by Prakash Jung Thapa, former chairperson of the Accounting Standards Board of Nepal. MoF Under-secretary Sharad Niraula has been appointed as the member-secretary, while representatives from NEPSE, the Securities Board of Nepal (SEBON), and the Nepal Rastra Bank (NRB) will serve as members.
The committee has been given 50 days to submit its report.
Although NEPSE restructuring has been discussed for many years, no concrete action has been taken so far. The High-Level Economic Reform Suggestion Commission formed last year had also recommended divesting a portion of NEPSE’s shares to the private sector as part of broader reform efforts.
NEPSE currently has a paid-up capital of Rs 1 billion. The government owns 58.66 percent, followed by Rastriya Banijya Bank (11.23 percent), the Employees Provident Fund (10 percent), Nepal Rastra Bank (9.5 percent), and Laxmi Sunrise Bank and Prabhu Bank, each holding 5 percent.
