Bandipur Cable Car Limited and CDSC have signed an agreement for share dematerialization. This means that soon, investors who bought shares through the IPO will see them in their Demat accounts.
The agreement was signed between CDSC, Bandipur Cable Car and Tourism Limited, the company issuing the shares, and Nepal SBI Merchant Banking Limited, the registrar. The signing took place on Kartik 2, 2082 BS.
Once the process begins, IPO investors will no longer need physical share certificates. Their shares will be safely stored in digital accounts, making it easier to manage and trade them. CDSC will start transferring shares to investors’ accounts soon.
