Nepal Warehousing Company convenes its 4th AGM; endorses to float 13.75 lakh unit ordinary shares in IPO

Related Articles

Shikshak Sewa Aayog Revised Vacancy Advertisement for Secondary Level (Madhyamik Taha) Teacher

January 30, 2023

Presidential election to be held on March 9

January 30, 2023

Residents of Kathmandu hold demonstration at Maitighar against KMC

January 29, 2023

Nepal Warehousing Company convened its 4^th AGM for the FY 2078-79 under the leadership of its chairman on Kartik 20, 2079.

Apart from regular financial reports, The AGM has endorsed the decision to float 20% of its paid-up value or 13.75 lakh unit ordinary shares to the general public in IPO thereby raising paid-up capital to Rs 80 crore, as per the media statement.

The company is currently constructing 3 cold storage facilities in three different districts with a combined capacity of 55 thousand MT with a total estimated cost of Rs 1.50 arba that also includes loan investment from five different banks, as per the media statement.