Himalayan Times Media Entertainment & Tech to Float IPO | Appoints Muktinath Capital as Issue Manager
January 16, 2024 | Investopaper
Himalayan Times Media Entertainment & Tech Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed Muktinath Capital Limited as the issue and sales manager.
An agreement has been reached between the company and Muktinath Capital on this regard. The agreement was signed by CEO of Himalayan Times Media Entertainment & Tech and Kavindradhwaj Joshi, Chief Executive Officer of Muktinath Capital.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The company plans to sell 7 lakh shares at Rs. 100 in the public offering (IPO). Hence, the total public issue amounts to Rs. 7 crores.
About Himalayan Times Media Entertainment & Tech Limited
Himalayan Times Media Entertainment & Tech Limited currently operates ‘The Himalayan Times (THT)’, a national daily newspaper published in English language, since 2001
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