KATHMANDU: Kisan Laghubitta Bittiya Sanstha is making preparations to issue further public offerings (FPO).
The company has filed an application at the Securities Board of Nepal (SEBON), a regulatory body of Securities Markets in Nepal, seeking permission to issue 1,289,259 units of FPO.
Once the permission is granted, the company will issue 1,289,259 units of FPO worth Rs 162, 282,436 at the rate of Rs 125 per unit.
The paid-up capital of the company will reach 522,600,000 following the issuance of FPO.
Rating agency CARE Ratings Nepal Ltd. has rated as double B minus. Muktinath Capital has been appointed as the issue manager.
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