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    Nepal Breaking NewsNepal Stock ExchangeUdayapur Cement IPO worth Rs 3.38 bln will be issued soon

    Udayapur Cement IPO worth Rs 3.38 bln will be issued soon

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    KATHMANDU: Udayapur Cement Industry Ltd is preparing to launch an public offering (IPO) the general public.

    To that end, the organization has called an annual general meeting (AGM).

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    The companyR7;s executive committee has decided that the 33rd Annual General Meeting be held on June 3 at the company’s hall in Udayapur. According to the organization, the meeting will place practically at 11 a.m.

    The plan to issue an IPO worth Rs 3,385,920,200 be approved at the AGM.

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    The AGM is also to approve the plan to increase the companyR7;s issued capital from Rs 4 billion to Rs 10 billion, according to the company.

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