Mirmire Laghubitta Bittiya Sanstha Limited intends to raise funds through a secondary public offering (FPO). The corporation plans to sell 51,316 FPO shares at a price higher than the par value of Rs 100.
Mirmire Laghubitta had previously inked an agreement with Nepal SBI Merchant Banking Limited on Ashad 24, 2077 BS to issue 37,260 shares in the FPO. The amount of shares to be sold has been increased, according to a new agreement signed on Jestha 23, 2078 BS.
The issue manager for the public offering is Nepal SBI Merchant Banking Limited.
The agreement for the issue of shares through FPO was signed by Roshni Bharti, Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited, and Rajendra Prasad Neupane, Chief Executive Officer of Mirmire Microfinance Institution Ltd.
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Mirmire Laghubitta Will Sell 51,316 FPO Shares