Kathmandu, May 11:

Securities Board of Nepal (SEBO) has granted a permission to issue 400,000 units of rights shares of Nepal Share Markets and Finance (NSMF) Ltd today.

SEBO also approved a booklet of provisions on issuance of rights shares and its details. The rights shares with a face value of Rs 100 each will be issued with Citizen Investment Trust as sales and issue manager, states a press release issued here today by the SEBO.

The board has also approved another proposal of Kist Merchant Banking and Finance (KMBF) to 500,000 issue rights shares, adds the release.

Nepal Merchant Banking and Finance (NMBF) has been appointed as an issue and sales manager for the issuance of the rights shares of KMBF with a face value of Rs 100 each, further adds the press note.