NIMB Ace Capital, portfolio firms provide Rs 5.6m for flood relief
Summary
NIMB Ace Capital Limited and NIBL Equity Partners have pledged more than Rs 5.6 million to support victims of the recent Bhotekoshi floods. The money will aid search, rescue, relief and rehabilitation efforts in several affected districts, including Rasuwa, Nuwakot, Dhading and Gorkha.
Key Points
- NIMB Ace Capital and NIBL Equity Partners have contributed Rs 2.1 million to the Prime Minister's Disaster Relief Fund.
- Portfolio companies of NIBL Equity Partners have separately committed around Rs 3.5 million in cash for flood relief.
- The support is intended for search, rescue, relief and rehabilitation in districts affected by the Bhotekoshi floods.
- The firms also said they would back long-term recovery through investment initiatives and expansion of branch networks.
