Himalayan Times Media Entertainment and Tech Ltd Appoints Muktinath Capital for 7 Lakh IPO Shares Offering

Himalayan Times Media Entertainment and Tech Ltd (HTMETL) has appointed Muktinath Capital as its sales manager for the issuance of ordinary shares —initial public offering (IPO).

In an event held on January 9, HTMETL and Muktinath Capital signed an agreement, as per which, 700,000 units of ordinary shares of HTMETL worth Rs 70 million with a face value of Rs 100 each will be issued to the general public.

The Himalayan Times (THT) is an established English-language newspaper published since 2001. It had scored the A+ category, the highest possible rank, in the newspaper classification report released by Press Council Nepal in 2018. Within a year of its publication, THT became the premier English daily in Nepal and secured the number one position in terms of readership.

It has already gained ground due to the high standard of journalism and its broad appeal to the masses, including but not limited to the young generation. THT is the largest-selling English broadsheet in Nepal. This newspaper is widely known for its in-depth reporting, analysis, and opinions on news, politics, business, technology, culture, lifestyle, and more. It remains an example of responsible journalism, upholding freedom of expression and free press and giving voice to the voiceless.

HTMETL also hosts many prestigious events in Nepal, such as TGIF Nepal Fashion Week, The Himalayan Times Brandfest, and The Himalayan Times International Food Festival, with plans afoot to organize many more. HTMETL also serves news to millions of readers every month through its website, which is the top English news site in Nepal.