SEBON Lockout Protest Suspended After Agreement to Release Capital Market Rescue Plan
The planned lockout program at the Securities Board of Nepal has been postponed after investor activist Tilak Koirala claimed an agreement was reached to introduce a “Capital Market Rescue Plan.”
The planned lockout program at the Securities Board of Nepal (SEBON) has been temporarily suspended after discussions between investor activist Tilak Koirala and the board’s chairman.
Koirala, who had announced the protest citing serious concerns over the current condition of Nepal’s capital market, claimed that SEBON agreed to publish a “Capital Market Rescue Plan” on Tuesday. Based on the agreement, the lockout program scheduled at the board office has been postponed for the time being.
According to Koirala, investors will review and discuss the plan after its release, and further decisions regarding the movement will be made based on its effectiveness.
However, he warned that if SEBON fails to publish the plan on the promised date, delays its release, or attempts to mislead investors, a new phase of protest will be announced at 7 PM. He also warned that further action could include shutting down brokerage offices across the country from the following day.