Kantipur Television Network Limited announced an initial public offering (IPO) worth Rs 7.5 crores on Thursday. This IPO will be issued with an additional premium on the shares. Its issue manager has been decided to Sanima Capital.
On Thursday, KTV Network Limited’s chairman and managing director Kailash Sirohiya announced that the IPO would soon be released. Sirohiya and Bhism Raj Chalise, Sanima Capital’s CEO signed the contract on behalf of the organizations’ respective members.
According to Chalise, the premium would be announced in the middle of July of the following fiscal year, following the KTV Network Limited’s annual general meeting. Shishir Pachhai, CEO of KTV Network Limited, stated at the event on Thursday that the company is committed to working to overcome the obstacles that lie ahead.
Kantipur Television, the first privately owned television channel in Nepal, was founded in July 2003. Kantipur provides a wide range of content via satellites and terrestrial transmitters.
With 10 news bureaus spread around the nation, KTV now has the largest national production and news coverage. This Television swiftly came to popularity as one of Nepal’s top and most watched TV channels. This was because of a seven-hour regional broadcast for the Kathmandu Valley.