Securities Board’s decision to grant broker licenses to seven companies

Kathmandu. Seven of the 43 companies that have received letters of intent to operate broker companies have received broker licenses.

The meeting held on Monday of the Nepal Securities Board decided to grant licenses to seven of those who submitted letters of intent.

Bhole Ganesh Securities, Capital Max Securities, Himalayan Brokerage, Sun Securities, Meo Securities, Share Pro Securities and Property Wizard are among the broker license holders.

Out of 46 applications for new broker companies, the board has already given letter of intent to 43.

After the board proceeded with the process of giving the license, the old broker companies filed a writ against it in the Supreme Court, and the Supreme Court rejected the writ, and then the board proceeded with the license distribution.

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