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CDC Invests Rs 1.35 Billion in Worldlink

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CDC Invests Rs 1.35 Billion in Worldlink
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October 25: The British government’s development finance group CDC has invested Rs 1.35 billion in Worldlink, a leading internet service provider in Nepal. CDC invested the amount to acquire 10 percent share of Worldlink.

CDC’s investment is the first foreign investment in this sector in Nepal. CDC had earlier had provided a loan of US$ 15 million to the NMB Bank for three years.

The finance group has also shown interest to purchase Himalayan Bank’s shares owned by Pakistan’s Habib Bank. CDC is holding discussions with Himalayan Bank to purchase 20 percent stakes of Habib Bank, which has been a partner since the establishment of Himalayan Bank.

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