Mountain Glory Limited appointed Laxmi Sunrise Capital Limited as the issue manager.

Mountain Glory Limited, the operator of Mountain Glory Forest Resort and Spa, plans to issue 4 million ordinary shares at a face value of Rs. 100 each for the general public. To facilitate this issuance, the company has appointed Laxmi Sunrise Capital Limited as the sales manager. The agreement for this share issuance was signed between the company's chairman, Sunil Bhakta Shrestha, and the Chief Executive Officer of Laxmi Sunrise Capital, Bijay Lal Shrestha.

The resort aims to raise Rs. 40 crores through this share issuance. After the share issuance, the resort plans to expand its facilities, add more rooms, and collaborate with international hotels to provide a five-star hotel experience. The current issued capital of Mountain Glory Limited is Rs. 1.5 billion. The resort is located in Dobilla, Pokhara.