February 26: NIC Asia Capital has signed an agreement with Emerging Nepal Limited to act as the latter’s issue manager for Initial Public Offering (IPO) of 500,000 units of ordinary shares at Rs 100 per share.  Jhanak Raj Dhungel, CEO of NIC Asia Capital Ltd and Dr Binod Atreya, CEO of Emerging Nepal Limited signed the agreement.

Emerging Nepal Limited is a Public Private Partnership Company with the Nepal Government holding majority of shares. The company has been working towards developing infrastructure through equity participation in all economic sectors.

NIC Asia Capital said it has been supporting the public issue of aspiring companies including BFIs, insurance, hydropower companies, hotel and other sectors.