The Securities Board of Nepal (SEBON) has taken several decisions regarding the public issue of Ghorahi Cement Industry Limited based on the findings of an investigation committee. It has been observed that certain investors applied for a significant number of shares without having sufficient funds in their bank accounts. These applicants, who are unrelated to the company’s directors, employees, or issuing entities, intended to deceive the general public. In light of this, SEBON will recommend an investigation into the fraudulent activities by the Nepal Police.
Highlights:
- Ghorahi IPO Blocked Money: Release Subject to Investigation Committee Report
- Ghorahi Cement Optimistic about IPO Resumption after SEBON Investigation
- NEPSE Index Surges 2.56% as SHIVAM CEMENTS Takes the Lead in Trading
- Ghorahi Cement Industry Resumes IPO Share Issue for General Public
- Ghorahi Cement Industry Limited Concludes IPO Allotment, Reissues Shares to Public