Apollo Hydropower Opens IPO for Affected Locals and Nepalis Abroad
Summary
Apollo Hydropower has opened its IPO for local residents affected by the project and Nepalis working abroad, offering shares at NPR 100 each. The 6 MW hydropower project is nearly complete, with the transmission line work in the final stage.
Key Points
- Apollo Hydropower has launched its IPO for local residents affected by the project and Nepalis working abroad.
- The company is issuing 30% of its NPR 470 million capital, totaling 1.41 million shares for subscription.
- 10% of shares are reserved for locals in affected areas, and 10% for Nepalis working overseas.
- The 6 MW run-of-the-river hydropower project is nearly complete, with transmission line work nearing completion.
