Vijaya Laghubitta Financial Institution Limited to Issue FPO from Poush 21

Vijaya Laghubitta Financial Institution Limited has announced that it will issue Further Public Offering (FPO) of ordinary shares starting from Poush 21. The FPO is being issued to maintain a 70:30 shareholding ratio between promoters and the general public.

Following the successful merger between Sarathi Laghubitta Financial Institution and Vijaya Laghubitta, the institution’s paid-up capital has reached NPR 745.04 million. After the merger, the shareholding structure stood at 74.39 percent for promoters and 25.61 percent for the public. To correct this imbalance and bring the ownership ratio to the required level, the institution has decided to issue additional ordinary shares through an FPO.

Under the FPO, the company will issue a total of 466,817 ordinary shares at a face value of NPR 100 per share. Through this issuance, the institution aims to raise NPR 46.68 million in capital.

The share issuance will close as early as Poush 24 and no later than Magh 5. Interested general investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.