Udayapur Cement is planning an IPO of Rs 3.38 billion

24 May 2021 10:41 AM | UPDATED 6 months ago

24 May 2021 10:41 AM

Udayapur Cement Industry Ltd is preparing to launch an initial public offering (IPO) for the general public.

To that end, the firm has scheduled an annual general meeting (AGM).

According to a resolution made by the company’s executive committee, the 33rd AGM will be held on June 13 at the company’s meeting hall in Udayapur. According to the corporation, the meeting will begin at 11 a.m.

The plan to issue an IPO for Rs 3,385,920,200 will be approved at the AGM.

Similarly, the AGM is expected to approve a proposal to increase the business’s issued capital from Rs 4 billion to Rs 10 billion, according to the business.

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