Kalinchok Hydropower to issue 684,750 unit shares from April 5
Summary
Kalinchok Hydropower will issue 684,750 shares to the general public starting April 5 as part of its IPO, with a total of 1.375 million shares approved by the Securities Board of Nepal.
Key Points
- Kalinchok Hydropower is launching its IPO from April 5.
- A total of 684,750 shares will be reserved for the general public in the second phase of the offering.
- The company received approval to issue 1.375 million shares worth Rs 137.5 million, which is 25% of its issued capital.
- Kalinchok Hydropower is developing a 5 MW Sangu Khola Hydropower Project with a total cost of Rs 1.2 billion.
