Nepal Rastra Bank (NRB) has sold 69.77 percent of its shares in Nepal Stock Exchange (Nepse) to Rastriya Banijya Bank (RBB).
According to the Nepse, the central bank has sold 509,342 units, out of its 729,989.50 shares of Nepse to the RBB. For the transaction, the share price was maintained at Rs 676.52 per share and traded through the over-the-counter system of the Nepse.
Previously, the NRB and RBB had 14.6 percent and 6.14 percent shares, respectively, in the Nepse. Among others, the government has 58.66 percent, the Employees Provident Fund has 10 percent, Laxmi Bank and Prabhu Bank have five percent each and the remaining 0.6 percent belongs to other companies.
