SEBOB has approved the FPO of Wean Nepal Laghubitta

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The Securities Board of Nepal (SEBON) has granted approval for the Further Public Offering (FPO) by Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB).

WNLB plans to release 51,292.50 units of FPO shares. Similar to an IPO, the public can submit applications for the shares, priced at a nominal value of Rs. 100 each, which will generate Rs. 51.29 lakhs for the organization. The current paid-up capital of the entity stands at Rs. 7.92 Crores, which will rise to Rs. 8.43 Crore following the release of the specified FPO shares.

Nepal SBI Merchant Banking Limited has been designated as the issue manager for the FPO.