Nepal Stock Exchange has listed new shares of two companies, but investors will need to wait a little longer before they can trade them.
On Friday, NEPSE listed right shares of Khani Khola Hydropower Limited. A total of 4,657,143 units of right shares were added to the exchange. These shares were issued to existing shareholders under a 100 percent right share offer. Although the shares are now officially listed, trading will not begin right away. Shareholders can sell or buy these right shares only after they are credited to their demat accounts. Until then, the shares will remain inactive for trading.
On the same day, NEPSE also listed bonus shares of Kamana Sewa Bank Limited. The bank listed bonus shares equal to 10 percent of its paid up capital. This comes to around 3,510,846.20 units of shares. Similar to the hydropower company, these bonus shares can be traded only after they appear in the respective shareholders’ demat accounts. Once credited, the shares will be freely tradable in the secondary market. For investors, this means the listing process is complete, but actual trading will depend on how quickly the shares are transferred to demat accounts.
