KATHMANDU, Feb 14: WEAN Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has received approval to issue a Further Public Offering (FPO).
The Securities Board of Nepal (SEBON) has authorized the issuance of 51,292.50 FPO shares at a face value of Rs 100 per share.
The SEBON approved the company’s application on Wednesday. Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the FPO.
With regulatory approval in place, the company will now proceed with the public issuance.