Kathmandu, Oct. 27
Everest Colour Limited, a paint manufacturing company, is planning to issue
shares to the general public soon. The company’s Board of Directors has decided
to present the proposal for the Initial Public Offering (IPO) at the general
meeting scheduled for November 16 this year.
If the IPO is issued as planned, Everest Colour will become the first among paint
manufacturing companies in Nepal to do so. The company, which has a paid-up
capital of Rs. 260 million, intends to issue 15 per cent of its shares to the
public. This means 390,000 shares, valued at Rs. 39 million, will be available
for public purchase.
Additionally, at the upcoming general meeting, the company will elect five
directors to represent the founding shareholders on its management committee.
Published in The Rising Nepal daily on 28 October 2024.
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