Kisan Laghubitta Bittiya Sanstha issuing FPO


The Kisan Laghubitta Bittiya Sanstha is getting ready to make more public offers (FPO).

The company has to the Securities Board of Nepal (SEBON), a regulatory for Nepalese securities markets, for approval to issue 1,289,259 FPO units.

The company will issue 1,289,259 units of FPO valued Rs 162, 282,436 at a rate of Rs 125 per unit after the authorization is obtained.

Following the issuing of FPO, the company’s -up capital will reach $522,600,000.

CARE Ratings Nepal Ltd. given it a double B minus rating. The issue manager has been Muktinath Capital.

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