Muktinath Krishi appoints Nepal Life Capital as issue manager for Rs 453.6m rights issue

KATHMANDU: Muktinath Krishi Company has appointed Nepal Life Capital as the issue and sales manager. The appointment is for a rights issue of 4,536,000 ordinary shares at a face value of Rs 100 per share, totalling Rs 453,600,000.

The issuance will be made in the ratio of 1:0.6, meaning 0.6 new ordinary shares for every one existing ordinary share, based on the company’s current paid‑up capital of Rs 756,000,000, which comprises 7,560,000 ordinary shares at a face value of Rs 100 each.

The appointment was made during a programme held on Thursday at the Muktinath Krishi Company office in Basundhara, Kathmandu. Deputy Chief Executive Officer Ram Sharan Timalsina, on behalf of Muktinath Krishi Company, and Chief Executive Officer Manish Ghimire, on behalf of Nepal Life Capital, signed the memorandum of understanding (MoU).

Muktinath Krishi Company is an institutional value‑chain manager working to bridge the gap between farmers and consumers and to promote the commercial development of Nepal’s agricultural sector. The company is involved in supplying production inputs for farmers, providing consultancy services, disseminating technology, developing processing industries, and delivering healthy, high‑quality and nutritious agricultural products to consumers.

Nepal Life Capital, a subsidiary of Nepal Life Insurance Company, is a merchant banking institution licensed by the Securities Board of Nepal to provide investment management, securities underwriting, depository participant services, scheme management, depository services, corporate advisory, share registration, and issue and sales management.