Mirmire Laghubitta Bittiya Sanstha to Issue FPO

Mirmire Laghubitta Bittiya Sanstha (MMFDB) is going to issue Follow on Public Offer (FPO) by adding a premium to public shares. MMFDB is going to issue 51,316 FPOs at a face value of Rs 100 per share.

MMFDB has appointed Nepal SBI Merchant Banking as Securities Issuance and Sales Manager to issue FPOs. The agreement was signed between microfinance and merchant banking on June 6.

Earlier, MMFDB and Merchant had agreed to issue 37,260 FPOs. The agreement was renewed after MMFDB changed the number of shares to be issued.