Mahuli Laghubitta Bittiya Sanstha Limited to Issue FPO from Poush 5

Kathmandu. Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is preparing to issue an additional public offering (FPO) starting from Poush 5. This time, the microfinance will issue 475,449 shares to expand its shareholder group, with a nominal value of 100 rupees assigned per share.

The microfinance is bringing the FPO in accordance with the provision that at least 30 percent of the total issued capital must be made accessible to the public, as per the Bank and Financial Institution Act, 2073. Currently, the microfinance's public ownership stands at 19.68 percent.

In this FPO, investors can apply for a minimum of 10 shares to a maximum of 1,000 shares. Applications will be open until Poush 9, and in case of insufficient applications during this period, the deadline may be extended until Poush 19.

The FPO issuance and sales manager is Laxmi Sunrise Capital Limited. Investors can easily apply through the C-ASBA system approved by the Nepal Securities Board via banks and financial institutions or the 'Mero Share' online software.

Currently, Mahuli Microfinance's paid-up capital is 322,378,585 rupees. After the FPO issuance, this capital will reach 369,923,500 rupees.