Kalinchowk Darshan Limited Appoint Nepal SBI Merchant for issuance of right share

Kalinchowk Darshan Limited (KDL) has appointed Nepal SBI Merchant Banking Limited as the manager for the upcoming issuance and sale of rights shares.

The firm plans to issue 6 million rights shares at a nominal value of Rs. 100 each in a 1:1 ratio for current shareholders.

The contract was finalized at Kalinchowk Darshan Limited’s registered office located in Pingalasthan, Kathmandu, by the Managing Director & CEO of Nepal SBI Merchant Banking, Lekhnath Pokhrel, alongside the CEO of Kalinchowk Darshan Limited, Bal Krishna Shiwakoti.

Kalinchowk Darshan Limited provides a cable car service in Kuri, Dolakha. Nepal SBI Merchant Banking Limited operates as a fully owned subsidiary of Nepal SBI Bank Limited.