Kumari Capital appointed as Issue and sales manager for Business Interest Group of Industries' IPO

KATHMANDU:Business Interest Group of Industries Limited has appointed Kumari Capital Limited as the Securities Issuance and Sales Manager for the issuance of 45 lakh ordinary shares worth Rs 45 crore.

The agreement letter was signed by Navraj Burlakoti, Chairman of the Board of Directors for Business Interest Group of Industries Limited, and Pushpa Sharma, CEO for Kumari Capital.

The company is trying to commercialize and sustain the agricultural industry, promote products, boost productivity, and ensure market access. This company has made the largest investments in Highlife Agro and Foods Industries Limited and Panchtare Hotel Lemon Tree Premier Budhanilkanth.

It has established seven wholly-owned subsidiary company to run and expand its operations in a variety of areas, including trade, hotels, and tourism.

Go Mart was founded to supply people with high-quality goods at reasonable pricing.

The company has begun producing food goods like as pulses, rice, oil, flour, and pulses through its fully owned Chitwan Foods Industries Limited. The company is working by purchasing approximately 60 bighas of land in various regions to construct a model agricultural resource center, agricultural processing center, and agricultural research center, as well as a food industry and community agriculture.

With the slogan "Connecting Nepali minds, searching for your own," the company intends to expand its work across the country in order to create a self-sufficient economy through indigenous production and entrepreneurship.