KATHMANDU: Nepal SBI Merchant Banking Ltd (NSMBL) has been appointed the issue and sales manager for the issuance of 2.580 million ordinary shares of Bandipur Cable Car and Tourism Ltd at face value per share of Rs 100.

Dev Raj Adhikari, managing director of Nepal SBI Merchant Banking Ltd, and Ram Chandra Sharma, chairperson of Bandipur Cable Car and Tourism Ltd, signed the related agreement on behalf of their respective organisations, amidst a programme, as per a press release.

Nepal SBI Merchant Banking Ltd is a wholly owned subsidiary of Nepal SBI Bank Ltd.

A version of this article appears in the print on March 30, 2023, of The Himalayan Times.