Business Interest Group of Industries To Issue IPO; Kumari Capital Limited Appointed as Issue and Sales Manager

Business Interest Group of Industries Limited has appointed Kumari Capital Limited as the securities issue and sales manager to issue 4,500,000 ordinary shares to the general public at a nominal price of 100 rupees per share.

The agreement was signed by Mr. Nabaraj Burlakoti, Chairman of the Board of Directors on behalf of Business Interest Group of Industries Limited, and Mr. Puspa Sharma, Chief Executive Officer on behalf of Kumari Capital. The company focuses on commercializing and sustaining the agriculture sector, promoting products, increasing productivity, and ensuring market assurance.

It has major investments in Highlife Agro and Foods Industries Limited and five star Hotel Lemon Tree Premier Budhanilkantha. To expand its business across various industries, trade, hotels, and tourism, it has established seven wholly-owned subsidiary companies.

Go Mart, launched to provide quality goods at affordable prices, and Chitwan Foods Industries Limited, producing food items like pulses, rice, oil, and flour, are notable ventures. The company is acquiring land for various centers and aims to expand nationwide to foster a self-sufficient economy with indigenous production and entrepreneurship, under the slogan "Connecting Nepali mind, searching for your own."