CIT to Underwrite Rs. 1.78 Crores Mahashakti Cement Shares
Sun, Sep 13, 2026 1:59 PM on Latest,
The Citizen Investment Trust (CIT) has agreed to underwrite the shares of Mahashakti Cement Limited.
An agreement to this effect was signed on Friday by CIT Executive Director Parbat Kumar Karki and Mahashakti Cement Chairman Rajaram Khadka.
The cement company plans to issue 1.78 crores shares with a face value of Rs. 100 each, amounting to Rs. 1.78 arba.
Under the agreement, Mahashakti Cement must complete the share issuance within six months from the date of the agreement. If the issue is not completed within the stipulated period, a new agreement will be required.
