National Capital Limited Receives Merchant Banking License

Kathmandu – National Capital Limited, a subsidiary of National Life Insurance, has officially received a merchant banking license from the Securities Board of Nepal (SEBON). The license was granted on Monday, paving the way for the company to expand its financial services.

With this approval, National Capital is now authorized to provide underwriting, portfolio management, and corporate advisory services. The company has also applied for additional permissions to offer issue management and share registrar services. Once approved, National Capital will be able to deliver a full range of merchant banking solutions.

Arpan Khanal serves as the Chief Executive Officer of National Capital. Khanal, along with other investors, had initially established Khanal Pradhanang Investment Services in 2018. Later, National Life Insurance entered the venture with additional capital, leading to the formation of National Capital Limited. The insurer holds the majority stake in the company.

The company’s authorized and issued capital stands at Rs. 300 million, with a current paid-up capital of Rs. 200 million. National Capital has announced plans to issue primary shares in the future as part of its growth strategy.