Aviyan laghubitta IPO: Aviyan laghubitta Financial Institution Limited is going to issue ordinary shares(IPO) to the public.
The organization’s second annual general meeting last Saturday passed a resolution to issue an IPO to the public.
Along with this, the organization will take forward the process of issuing 975,000 IPOs worth Rs. 97.5 million. After the issuance of IPO, the paid-up capital of the company will reach 250 million. The organization has stated that it is currently working on the rating. Aviyan laghubitta IPO
The meeting approved the financial statements of the Fiscal Year 2077/78 and also to identify, negotiate, and sign the MoU with other licensed ‘D’ class MFIs for the purpose of merging and merging. It has also passed a proposal to give authority to the Board of Directors to apply to the Nepal Rastra Bank for in-principle approval.
At present, the company’s paid-up capital is Rs 152.5 million, but after the issuance of IPO to the public, the paid-up capital will reach Rs 250 million.
Headquartered in Panauti, Kavre, the organization has been providing services from 60 branch offices across the country.