National Fund Management Limited has officially appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the public issuance of 2,106,000 ordinary shares worth NPR 21.06 crore, representing 20% of the company’s total shares.
The agreement was signed on 7 Mangsir 2082 by CEO Saroj Guragain of National Fund Management and CEO Bijaya Lal Shrestha of Laxmi Sunrise Capital.
National Fund Management Limited, registered as a public limited company, operates private equity, venture capital, and hedge funds under the regulatory framework of the Securities Board of Nepal. The company has successfully managed notable funds such as National Equity Fund-1 and National Hydro Fund-2.
It holds a CARE-NP BBB (Is) rating and has around 27% investment from government institutions, along with investments from banks, financial institutions, and Non-Resident Nepalis (NRNs). The company has also been consistently distributing dividends for the past three years, highlighting its stability and performance in Nepal’s investment sector.