Kathmandu, Aug. 2
NIMB Ace Capital Limited, a
subsidiary of Nepal Investment Mega Bank Limited, has celebrated 12 years in
merchant and investment banking.
As a licensed Merchant Banker from
SEBON, it offers a range of services, including issue and sales management,
RTS/RTA, depository participant, securities underwriting, and portfolio
management.
NIMB Ace Capital launched Nepal's
first mutual fund scheme in 2014 and its first open-ended mutual fund in 2019.
CEO Shivanth Bahadur Pande said at a
programme organised to mark the anniversary the other day that the company remains
committed to providing the highest returns on investment for the clients in the
future.
NIMB Ace Capital manages five mutual
funds with over Rs. 10 billion in assets and has surpassed Rs. 6 billion in
Portfolio Management Services.
With over 4.15 million satisfied
customers, the company serves as a share registrar for 57 public companies and
has facilitated over 500,000 Demat accounts and 200 public issuances.
NIMB Ace Capital is also licensed by
SEBON as a Private Equity and Venture Capital Fund Manager. It oversees NIBL
Equity Partners, a private equity fund with a registered size of up to Rs. 10
billion.
NIBL Equity Partners has already
invested over Rs. 1 billion and is actively building a robust pipeline of
future investments while preparing for additional fundraising, said Pande.
Published in The Rising Nepal daily on 3 August 2024.
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