Commodities and Metal Exchange Nepal Ltd (Comen) elected a seven-member board of directors (BoD) chaired by Manoranjan Raman Sharma on Wednesday. A meeting of the BoD and shareholders appointed former executive officer Bijaya Satyal chief executive officer and formed a five-member advisory committee led by former chairman Bishwanath Sharma. Meanwhile, Comen sold its promoter shares to Akash Investment Bankers Ltd, Sanjaya Man Singh, Bhupesh Rajbhandari, Manoranjan Raman Sharma, Subash Narsingh Shakya, Broker Group, Ramesh Kumar Bhattarai and Sujan Kumar Kafle to increase paid-up capital to Rs 525 million
According to the Comen statute, promoters have to buy 75 per cent of paid-up capital equivalent to the amount.
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