KATHMANDU, June 20: Tourism Investment Fund Limited is set to issue an Initial Public Offering (IPO). The fund has called an ordinary general meeting on July 12 to propose the IPO issuance.
The proposal to issue shares equivalent to 20.53 percent of the paid-up capital is to be presented at the general meeting. The fund will present three ordinary proposals and eleven special proposals at the general meeting.
The agenda includes passing a resolution to authorize the Board of Directors to proceed with obtaining regulatory approval and other necessary processes for the IPO issuance.