Nepal Infrastructure to convene AGM on Mangsir 29; IPO of Rs 8 arba to come

Tue, Nov 19, 2019 11:58 AM on AGM/Special AGM, IPO/FPO News, Latest, Stock Market,
Nepal Infr...

Nepal Infrastructure Bank Limited (NIFRA) will be convening its Annual General Meeting (AGM) on Mangsir 29, 2076 at Radisson Hotel, Lazimpat, Kathmandu from 4 PM onwards.

The company's Board Meeting held on Kartik 25, 2076 has decided on the following agendas:

Approval of the Annual Report for years 2074/75 and 2075/76 to be presented by the Board.

Approval of financial statements for the years 2074/75 and 2075/76.

Appointment of auditors and determination of their remuneration.

Initial Public Offering (IPO) of 8 crore units worth Rs 8 arba, which is 40% of the company's issued capital.

Increasing the bank's paid-up capital from Rs 12 arba to Rs 20 arba.