Ban on Pashchimanchal Finance Company lifted

The Nepal Stock Exchange (NEPSE) on Monday withdrew the ban on trading of Pashchimanchal Finance Company (PFC) stock after it cancelled its merger process with National Finance. Butwal-based Pashchimanchal abandoned its merger plan some months ago after the two companies failed to establish their financial strength. Pashchimanchal's shares were trading at Rs. 280 when NEPSE imposed the ban. "Share transactions will begin at the same value," said Than Prasad Bhattarai, senior manager of the company in Kathmandu. NEPSE had prohibited trading of its shares fearing that prices could go up unnecessarily on speculation that it was going to become a development bank.
Source: eKantipur