Rs. 6.5 Crores Shall be Invested by Emerging Nepal (ENL) in "Emerging Venture Limited."

Emerging Nepal (ENL) will invest Rs. 6.5 Crores in 'Emerging Venture Limited'

Emerging Nepal Limited will invest Rs. 6.5 Crores in "Emerging Venture Limited." The company has disclosed that it will contribute the sum as a founding shareholder in the startup. At a price of Rs. 100 per share, 650,000 shares will be purchased. Also, Emerging Nepal has confirmed that the money will be paid when Emerging Venture requests it.

Emerging Nepal, being the founder shareholder, is registered in the company registrar's office, Tripureshwar Kathmandu in accordance with Companies Act 2063. ENL is an investment company with the motive to invest in projects from diverse sectors.

ENL is promoted by the renowned business groups of Nepal, with the major holding by the Vishal Group and IME Group affiliated entities and individuals with a joint stake of more than 50%. Other promoters include industrialists, bankers, and professionals from diverse backgrounds. The Government of Nepal, represented by the Ministry of Finance, also currently holds a nominal stake at 0.5%.