NEPSE to Form Separate Company for OTC Trading

December 20: Nepal Stock Exchange (NEPSE) is preparing to form a separate company to manage over the counter (OTC) stock transaction by amending the OTC market bylaws. The 35^th annual general meeting of NEPSE held on December 15 decided to establish a separate company for OTC trading. According to Murahari Parajuli, Spokesperson of NEPSE, the OTC market will be more effective after the formulation of separate company. Presently, OTC trading is carried out in five cities other than Kathmandu including Pokhara, Biratnagar, Dharan, Narayangadh and Dhangadhi.