Ganga Healthcare industries limited is moving forward with the process to issue shares under the “securities issuance and trading regulations for small and medium enterprises, 2081” issued by the Nepal securities board.
The company has appointed Muktinath Capital limited as the share issuance and sales manager for the public offering of ordinary shares.
A formal agreement signing ceremony was held at Muktinath Capital’s office. On behalf of ganga healthcare industries, Chairman Suraj Prasad Khatri signed the agreement. On behalf of Muktinath Capital, Chief Executive Officer Kabindra Dhwaj Joshi signed the document.
The company plans to issue 30 percent of its issued capital to the public. Ganga healthcare industries was established in 1998 as ganga bandage industry pvt. ltd. under the domestic and small industries category. It now operates from its own premises in Tilottama-14, Rupandehi. The industry imports raw materials, processes them locally, and adds up to 70 percent value before the products are sold.
About Ganga health care
The company produces various surgical items, such as dressing bandages, absorbent cotton, absorbent gauze, crepe bandages, disposable masks, and tetra gauze.
To meet the needs of consumers and businesses, the company plans to expand production. In the future, it aims to produce cannula fixators, elastic adhesive bandages, disposable diapers, disposable syringes, examination gloves, and sterilized gauze. The company believes this expansion will also help strengthen Nepal’s economy.
