Chautari Laghubitta to convene SGM on Kartik 12th: SEBON has already approved the Microfinance IPO issuance proposal

Chautari Laghubitta Bittiya Sanstha has announced Special General Meeting (SGM) to be held on Kartik 12, 2075. The meeting has been scheduled to be convened at 1:00 PM at Diyalo Foodland, Milanchowk , Butwal.

The main agendas of the meeting are:

1. To increase the capital of the company.
2. Amendment of MoA and AoA as per the requirements and providing authorities to the board of directors regarding the same.

Securities Board of Nepal (SEBON) has already given its final approval to the IPO issuance of Chautari Laghubitta Bittiya Sanstha Limited. The microfinance company will be issuing 5.40 lakh unit shares as IPO for the general public at the par value of Rs 100. NIBL Ace Capital has been appointed as the issue manager for the purpose of IPO issuance. After the IPO the paid up capital of the company will reach Rs 18 crore.