Kathmandu, November 19 : The Securities Board of Nepal (SEBON) has agreed in principle to allow Mega Capital Market Limited to carry out the business of merchant banking. The company is a subsidiary of Mega Bank Limited.
The authorized capital of Mega Capital amounts to Rs 300 million while its paid-up capital stands at around Rs 200 million. ‘With the next six months, we will come into operations by putting all the necessary infrastructure in place,” says Ishwor Bahadur Gurung, President, Mega Capital Market.
With its corporate office at Saket Complex, Tripureshwor, Mega Capital will provide a wide range of merchant banking services related to financial, marketing, managerial and legal aspects to the bank.