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CYC Nepal Microfinance IPO is Coming

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KATHMANDU: JULY 9 – CYC Nepal Microfinance Financial Institution is going to issue primary shares (IPO). The organization will issue 3,95,335 shares with a face value of Rs 100 per share.

An agreement has been reached between the microfinance institution and the issuer company for the issue of shares.

The authorized capital of the organization is Rs. 200 million and the issued capital is Rs. 121.6 million 41 thousand. The company, which has its head office in Baglung, has acquired Shaligram Laghubitta Bittiya, which operates only in Gandaki.

The microfinance institution, which has 37 branches, is providing services to more than 47,000 needy families in groups.