SEBON Approves FPO Shares of Vijaya Laghubitta Bittiya Sanstha; Company to Issue 4,66,817 Unit Shares

The Securities Board of Nepal (SEBON) has approved the Further Public Offering (FPO) of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS).

VLBS is issuing 4,66,817 units of FPO shares. Like an IPO, the general public can apply for the shares at a par value of Rs. 100 per share, which will raise Rs. 4.66 Crores for the company. The current paid-up capital of the company is Rs. 74.50 Crores, which will increase to Rs. 79.17 Crores after the issuance of the mentioned FPO shares.

NMB Capital Limited has been appointed as the issue manager of the FPO.