NTDC Partners with NMB Capital to Launch IPO, Expanding Global Tea Reach

Nepal Tea Development Corporation Limited (NTDC), the nation's largest tea producer and distributor, has signed an IPO agreement with NMB Capital Limited to issue 600,000 ordinary shares. Known for its popular brands Tokla and Ilam, NTDC exports to markets like Russia, Europe, and the U.S.

This IPO marks a major step in NTDC’s growth strategy, aiming to expand its shareholder base and market presence. The deal was signed by NTDC Executive Chairman Subhash Chandra Sanghai and NMB Capital CEO Deepesh Kumar Vaidya.