Maya Khola Hydropower Initiates Rights Share Issuance Process, Appoints Citizens Capital as Manager
Summary
Maya Khola Hydropower Limited has begun issuing 10 million units of rights shares to raise capital, appointing Citizens Capital Limited as manager. The project generates 14.9 MW of electricity in Sankhuwasabha and sells it to Nepal Electricity Authority.
Key Points
- Maya Khola Hydropower Limited is issuing 10 million rights shares to increase its capital.
- Citizens Capital Limited has been appointed as the issue and sales manager for the rights share issuance.
- The issuance requires approval from the Securities Board of Nepal (SEBON).
- The company operates the 14.9 MW Maya Khola Hydropower Project in Sankhuwasabha district and sells electricity to Nepal Electricity Authority.
