Kathmandu. Muktinath Agriculture Company Limited has appointed Nepal Life Capital Limited as the issue manager for the issuance of right shares. The company is issuing 45,36,000 units of right ordinary shares at a face value of Rs 100 per share at the ratio of 1:0.6 (i.e. 0.6 units of existing 1 unit of ordinary shares).
Amidst a program held at Muktinath Agriculture Company Limited, Basundhara, Kathmandu, the company has appointed Nepal Life Capital as its share issue manager.
The agreement was signed by Mr. Manish Ghimire, Chief Executive Officer of Nepal Life Capital and Mr. Ram Sharan Timilsina, Deputy CEO of Muktinath Agriculture Company Limited.
Muktinath Agriculture Company Limited is a pioneer company working as an Institutional Value Chain Manager to connect farmers and consumers for the business development of agriculture sector in Nepal.
The company is engaged in the business of providing healthy, quality and nutritious agricultural products to the farmers, consultancy services, technology dissemination, development of processing industries and providing healthy, quality and nutritious agricultural products to the consumers.
Nepal Life Capital, a subsidiary of Nepal Life Insurance Company, is a merchant banking company licensed by the Securities Board of India to provide financial assistance to the customers of Nepal Life Insurance, namely, Investment Management, Deposit Member Service, Scheme Manager, Depository Service, Corporate Consultancy, Share Registration and IPO and Sale Management.
