Tuesday, August 2, 2022

NIBL Ace Capital celebrates 10th anniversary

Kathmandu, July 31 

NIBL Ace capital Ltd., a merchant and investment banker in Nepal has earned more than 1 million customers base and has been appointed as registrar and transfer agent of more than 50 public limited companies in a decade.

It celebrated its 10th anniversary the other day.

The company has managed more than 188 public issues with issue size over Rs. 35 billion. The total value of assets under management of NIBL Ace Capital is above Rs. 5.5 billion. "It has been successfully managing two close ended and one open ended mutual fund schemes, NIBL Samriddhi Fund-1, NIBL Pragati Fund and Nibl Sahabhagita Fund," the company said in a statement.

The company said that it works in synergy with its client in Portfolio Management Services (PMS) and has been able to provide vivid services under PMS to more than 700 clients. It has been serving 34 Companies under its corporate advisory service as well.

According to NIBL Ace, it has successfully redeemed its first closed-ended mutual fund scheme 'NIBL Samriddhi fund -I' with outstanding return. Furthermore, the capital has filed a new closed-end mutual fund 'NIBL Growth Fund', which is under preliminary review of the Securities Board of Nepal (SEBON).

Meanwhile, on the occasion, the company has announced an offer to pay Demat renewal fee for 10 years on advance and get another 10 years' renewal for free, provide Market Expert at Rs 10 only, and NIBL Sahabhagita Fund's gratitude offer to loyal unitholders. 

  Published in The Rising Nepal daily on 1 August 2022. 

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