Securities Board Chairman Vows Action Against Illegal 'Pre-IPO' Activities

Kathmandu. Chairman of the Securities Board of Nepal (SEBON), Dr. Gopal Prasad Bhatta, has stated that action will be taken against companies involved in illegal transactions in the name of 'Pre-IPO'.

Responding to questions raised about 'Pre-IPO' in a meeting of the Finance Committee on Wednesday, he pledged to take action against companies or individuals involved in such activities. He stated that the state cannot legitimize illegal transactions.