KATHMANDU, Nov 21: The government has formed a five-member committee to study and recommend measures for restructuring the Nepal Stock Exchange (NEPSE).
According to the Ministry of Finance (MoF), the panel is chaired by Prakash Jung Thapa, former chairperson of the Accounting Standards Board of Nepal. MoF Under-secretary Sharad Niraula serves as member-secretary, while representatives from NEPSE, the Securities Board of Nepal (SEBON), and Nepal Rastra Bank (NRB) have been appointed as members. The panel has been given 50 days to submit its report.
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Restructuring NEPSE has long been under discussion, but concrete steps have yet to materialize. The High-Level Economic Reform Suggestion Commission formed last year also recommended divesting a portion of NEPSE’s shares to the private sector as part of broader reforms.
NEPSE currently has a paid-up capital of Rs 1 billion. The government holds a 58.66 percent stake, followed by Rastriya Banijya Bank with 11.23 percent, the Employees Provident Fund with 10 percent, Nepal Rastra Bank with 9.5 percent, and Laxmi Sunrise Bank and Prabhu Bank with 5 percent each.
