National Fund Management Limited has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the upcoming issuance of 2,106,000 ordinary shares worth NPR 21.06 crore, which represents 20% of the company’s total shares.
The agreement between the two companies was signed on 7 Mangsir 2082 by CEO Saroj Guragain of National Fund Management and CEO Bijaya Lal Shrestha of Laxmi Sunrise Capital.
Registered as a public limited company, National Fund Management Limited operates private equity, venture capital, and hedge funds under the regulatory framework of the Securities Board of Nepal. The company has successfully managed significant funds such as National Equity Fund-1 and National Hydro Fund-2.
The company holds a CARE-NP BBB (Is) credit rating and has around 27% investment from government institutions, alongside strong participation from banks, financial institutions, and Non-Resident Nepalis (NRNs). National Fund Management has also been consistently distributing dividends for the last three years, reflecting its financial stability and long-term performance.