The Securities Board of Nepal (Sebon) has issued Letters of Intent (LOIs) for the license of securities businessmen (securities brokers and securities dealers) to additional 13 brokerage firms. The Sebon board meeting on Wednesday decided to issue the LoIs. The Sebon had issued LoIs to 16 firms earlier this week. The brokerage firms receiving LoIs on Wednesday are Sunrise Capital, JBNL Securities, Sharepro Securities, Stockesescarts Securities, Property Wizard Limited, Capital Hub Pvt Ltd, Milky Way Share Broker Company, Blue Chip Securities, Garima Securities, Kalas Stock Market, Money World Share Exchange, Subhakamana Securities, and Miyo Securities. After Sebon invited applications for new stock brokerage licenses, a total of 45 companies applied for the license. The Sebon on May 1 had issued LoI to 16 companies in the first phase. Of the 16 companies that received LoIs from Sebon for stock brokerage licenses, seven are the subsidiaries of

commercial banks.