KATHMANDU, DECEMBER 4
The 22nd general meeting of IME has been completed by passing the proposal to take the company public. With this, IME will now become the first public remittance company of the country.
In a brief remark at the recently held annual general meeting, the Chairman and founder of IME Group, Chandra Prasad Dhakal, recalled that IME was founded on a small scale 23 years ago.
Moreover, despite the ideas and advice of many well-wishers, bringing in foreign currency from the private sector to Nepal is a complex and challenging process.
IME President Dhakal expressed hisb pleasure at IME being the first public remittance company and thanked everyone who has helped the company along the way, as per a media release.
Similarly, Hemraj Dhakal, co-founder and managing director of IME Group, stated during his speech that the world has now entered the digital age and that the company will be going public to make it more energetic, transparent, and to broaden its business horizons in a competitive market.
Suman Pokharel, senior vice-president of the group and director of IME, and Deepak Sharma, director of finance of the group, congratulated and expressed their happiness at the general meeting.
Nepal's largest remittance company IME Limited is going to issue primary shares for the general public.
Khilendra Paudel, chief executive officer of IME, said that the company will issue an IPO soon.
For this process, the company will appoint a share issue and sales manager and submit an application to the regulatory securities board. This process will proceed as soon as the approval is received from the relevant regulatory body.
For more than two decades, IME has been a prominent provider of remittance solutions. IME offers top-class money transfer services all around the world. Remittances from almost 200 nations enter the country as a result of IME's global reach.
A version of this article appears in the print on December 5, 2022, of The Himalayan Times.
