MCML gets approval
KATHMANDU: Mega Capital Markets Ltd (MCML) has acquired the principle agreement from the Securities Board of Nepal (Sebon) to run merchant banking business.
Mega Bank is preparing to enter the merchant banking business through MCML as its subsidiary company. The MCML has authorised capital of Rs 300 million while its paid-up capital stands at Rs 200 million.
“As we have acquired principle agreement from Sebon for merchant banking, we will operate the firm within six months,” said Ishwor Bahadur Gurung, chairman of MCML. MCML will start its business from Saket Complex in Tripureswor.