The scheduled padlock protest at the Securities Board of Nepal has been postponed today following an agreement to release a capital market rescue plan.
The protest program to lock up the office of Nepal Securities Board (SEBON) today has been postponed. This decision was made after some positive talks between the protest leader and the board chairman.
Agreement on Capital Market Rescue Plan
Tilak Koirala, who is leading the protest, claimed that SEBON Chairman has agreed to release a ‘Capital Market Rescue Plan’ today itself. Because of this agreement, they decided to stop the padlocking program for now.
According to Koirala, the future plans of their protest will be decided only after they study and discuss the rescue plan that the board is going to release.
Warning of Further Protests
However, the protest leader has given a strong warning. If the board fails to release the plan today, makes delays, or try to trick the investors, they will announce next phase of protest at 7 PM tonight. If such situation comes, they are planning to shut down all broker offices across the country from tomorrow.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
