Nepal Breaking NewsNepal Stock ExchangeUdayapur Cement IPO worth Rs 3.38 bln will be issued soon

Udayapur Cement IPO worth Rs 3.38 bln will be issued soon

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

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

The R7;s executive has decided that the 33rd Annual General Meeting be held on June 13 at the company’s meeting hall in Udayapur. According to the organization, the meeting will take place practically at 11 a.m.

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

The AGM is also expected to approve the plan to increase the company’s issued capital from Rs 4 billion to Rs 10 billion, according to the company.

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