The Securities Board of Nepal (SEBON) has constituted a three-member committee to examine issues related to the Initial Public Offering of Reliance Spinning Mills, following instructions from the Ministry of Finance. The committee is headed by Binod Kumar Ghimire and includes members Anand Raj Sharma Wagle and Pitambar Bhandari. Despite the investigation prompted by media reports, SEBON spokesperson Tolakanta Neupane confirmed that the IPO, scheduled to open on Sunday, will proceed as planned. He explained that the board is unable to suspend the issuance at this stage due to a court order requiring the continuation of the process.
