NRN Infrastructure to Sell Over 1.67 Million Promoter and Ordinary Shares

NRN Infrastructure and Development Limited has decided to sell a total of 1,677,016 promoter and ordinary shares it owns in various companies. The decision was made during the company’s board meeting held on Mangsir 3, which approved moving forward with the share sale process.

According to the company, the share sale has already received approval from the Securities Board of Nepal (SEBON). Following the approval, NRN Infrastructure will now proceed with the transaction as per regulatory guidelines.

The shares to be sold include:

• Kumari Bank Limited: 530,000 shares

• National Microfinance Laghubitta: 107,484 shares

• Nerude Mirmire Laghubitta: 74,106 shares

Similarly:

• Mero Microfinance Laghubitta (promoter + ordinary): 106,424 shares

• Prabhu Mahalaxmi Life Insurance: 594,000 shares

• Hydroelectricity Investment and Development Company Ltd. (HIDCL): 40,001 shares

• National Fund Management Limited: 225,000 shares

• National Life Insurance (ordinary share): 1 share

The company stated that the decision is part of its strategy to rebalance its investment portfolio and enhance financial management.