CIT to Underwrite Rs. 1.78 Crores Mahashakti Cement Shares
Summary
Citizen Investment Trust has agreed to underwrite Mahashakti Cement Limited’s share issue worth Rs. 1.78 arba. The company plans to issue 1.78 crore shares with a face value of Rs. 100 each and must complete the offering within six months.
Key Points
- Citizen Investment Trust will underwrite the shares of Mahashakti Cement Limited.
- The agreement was signed by CIT Executive Director Parbat Kumar Karki and Mahashakti Cement Chairman Rajaram Khadka.
- Mahashakti Cement plans to issue 1.78 crore shares at a face value of Rs. 100 each, totaling Rs. 1.78 arba.
- The share issuance must be completed within six months of the agreement, or a new agreement will be required.
