Business Interest Group of Industries Limited to Issue 45 Lakhs Shares to General Public

Business Interest Group of Industries Limited is set to issue 4,500,000 ordinary shares to the general public, each with a face value of Rs. 100, totaling Rs. 45 crore. Nepal SBI Merchant Banking Limited and Sunlife Capital Limited have been appointed as the underwriters for ordinary shares.

A tripartite agreement was signed between Nepal SBI Merchant Banking Limited, Sunlife Capital, and Business Interest Group of Industries Limited during an event.

The signatories were Mr. Lekhnath Pokhrel, Managing Director and CEO of Nepal SBI Merchant Banking Limited; Mr. Bhuwan Panta, Sunlife Capital Limited; and Mr. Naba Raj Burlakoti, Chairman of Business Interest Group of Industries Limited.

The company is involved in various commercial activities, including the production, trade, and distribution of agricultural and food products, community farming, hotels and tourism, agriculture, education, and clean energy.