Table of Contents
Introduction
Annapurna Cable Car, the one and only cable car company with foreign investment, is set to issue an Initial public offering(IPO) to the general public project-affected locals and foreign employment Nepalese Workers. It is only one cable car company located almost near the Himalayas, then the other cable car companies of Nepal. The company is issuing 31 lakhs units of shares in total which is 20% of the company’s issued capital.
Continuing the IPO application process, Annapurna Cable Car Company has appointed Muktinath Capital Limited as their Sales Manager.
Company Details
Annapurna Cable Car Company, located in the beautiful city of Pokhara started on 6th Falgun, 2078 B.S. It has a total issued capital of 1 Arab 55 crores. Due to the covid effect, the company had to start their operation two years late. The company is located at ward no.18 of Pokhara Metropolitan City. In the upper station of the cable car, Sarang Kot, the panchmukhi Ganesha Statue is being constructed, which is 48 ft tall and 44 ft wide whereas the bottom station of the cable car is at Sedibagar.
1. Where is Annapurna Cable Car Located?
Ans: Annapurna Cable Car is located in the Pokhara Metropolitan City.