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National Microfinance Financial Institution Limited to Issue Further Public Offering (FPO)
Author
NEPSE trading
National Microfinance Financial Institution Limited is set to issue a Further Public Offering (FPO). The company has appointed RBB Merchant Banking Limited as the issue and sales manager for the share issuance.
To maintain the ratio of 70% promoter shares and 30% public shares after distributing bonus shares for the fiscal year 2079/80, the company needs to balance the share capital between promoters and the general public. To address this, an additional 669,900.27 ordinary shares will be issued through a public offering.
The agreement was signed by Ram Bahadur Yadav, the CEO of National Microfinance Financial Institution Limited, and Badri Prasad Pyakurel, the CEO of RBB Merchant Banking Limited.