Mahuli Laghubitta to Float 4.16 Lakh Unit FPO Shares; Sunrise Capital Appointed as the Sales Manager for the FPO Issue

4.16 Lakh unit shares of Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is set to be issued for Follow-on Public Offer (FPO)* to the general public at a premium price in the near future.

*A follow-on public offering (FPO) is the issuance of shares to investors by a company listed on a stock exchange. A follow-on offering is an issuance of additional shares made by a company after an initial public offering (IPO).

Likewise, Sunrise Capital Limited has been appointed as the release and sales manager for the FPO issue.

A bilateral agreement letter was signed between Chief Executive Officer Mr. Gangadhar Pandey on behalf of MSLB and Mr. Bijaya Lal Shrestha, Chief Executive Officer on behalf of Sunrise Capital Limited on Poush 04, 2079.

The current paid up capital of MSLB is Rs. 28.21 Crores. After the issue of FPO, the paid-up capital will be increased to Rs. 28.25 Crores.