Beni Hydropower Project Limited Issuing IPO Shares to Locals of Solukhumbhu District And Nepalese Employed Abroad From Chaitra 01
Summary
Beni Hydropower Project Limited is issuing IPO shares to project-affected locals of Solukhumbhu district and Nepalese citizens working abroad starting from 1st Chaitra 2082. The project is developing an 18 MW run-of-river hydropower facility in Solukhumbhu, Nepal.
Key Points
- Beni Hydropower Project Limited is issuing IPO shares to project-affected locals of Solukhumbhu district and Nepalese working abroad from 1st Chaitra 2082.
- The total issued capital is Rs. 1.04 arba with 20% or 20,80,000 shares offered to the public.
- Half of the public shares (10.40 crores worth) are allocated to project-affected locals, and the remaining to the general public, including a 10% set aside for Nepalese abroad.
- ICRA Nepal upgraded the company's issuer rating to BB+ indicating moderate credit risk.
