Kathmandu, July 17 -- Mangalam Industries Limited (MIL) has secured a strategic investment of around Rs380 million from Avasar Equity Diversified Fund, a prominent private equity fund focused on supporting high-growth enterprises in Nepal.

In a press statement on Tuesday, Mangalam Industries said the investment marks a major milestone in the company's growth trajectory and underscores strong investor confidence in its vision, operational capabilities, and long-term prospects.

The company said the capital infusion will help strengthen its balance sheet, improve operational efficiency, drive product innovation, and support market expansion efforts both within Nepal and internationally.

The funds will also be channelled towards advancing ...