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<p style="text-align:justify"><br />
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September 2: CARE Ratings (Credit Analysis and Research Limited), the second largest full service rating company in India, has signed a Memorandum of Understanding (MoU) with Vishal Group and Emerging Nepal on August 31 to establish CARE Ratings (Nepal) Limited.
Vishal Group is a well known name in the Nepali financial service sector while Emerging Nepal is active in venture capital activities. As per the terms of the MoU, CARE Ratings India will be holding 51 percent of the share ownership of Rs 20 million paid-up capital while Vishal group and Emerging Nepal will be holding 19 percent and 10 percent share ownership respectively. The remaining 20 percent stake will be held by banks, insurance companies, FIs and corporate bodies in Nepal are subjected to a maximum of 9 percent per legal entity.
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<p> </p>
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'title' => ' CARE Credit Rating Agency in Nepal ',
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'summary' => 'September 2: CARE Ratings (Credit Analysis and Research Limited) the second largest full service rating company in India has signed a Memorandum of Understanding (MoU) with Vishal Group and Emerging Nepal on August 31 to open a credit rating agency in Nepal to be called CARE Ratings (Nepal) Limited. ',
'content' => '<p style="text-align:justify">September 2: CARE Ratings (Credit Analysis and Research Limited), the second largest full service rating company in India, has signed a Memorandum of Understanding (MoU) with Vishal Group and Emerging Nepal on August 31 to establish CARE Ratings (Nepal) Limited. </p>
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Vishal Group is a well known name in the Nepali financial service sector while Emerging Nepal is active in venture capital activities. As per the terms of the MoU, CARE Ratings India will be holding 51 percent of the share ownership of Rs 20 million paid-up capital while Vishal group and Emerging Nepal will be holding 19 percent and 10 percent share ownership respectively. The remaining 20 percent stake will be held by banks, insurance companies, FIs and corporate bodies in Nepal are subjected to a maximum of 9 percent per legal entity.</p>
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<p> </p>
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