Beni Hydropower Project Limited Closing IPO Shares to Project-Affected Locals of Solukhumbhu From Today
Summary
Beni Hydropower Project Limited is closing the IPO of 1,040,000 shares allocated to project-affected locals of Solukhumbhu District starting today. The IPO opened on 1st Chaitra and the project is an 18 MW run-of-river hydropower plant under construction in Solukhumbhu.
Key Points
- Beni Hydropower Project Limited is closing the issue of 1,040,000 IPO shares for project-affected locals of Solukhumbhu District today.
- The IPO opened on 1st Chaitra, 2082 and includes 2,080,000 shares issued to the public.
- 10% of the total issued shares are allocated to project-affected locals and 10% to the general public, including 10% reserved for Nepalese citizens working abroad.
- ICRA Nepal upgraded Beni Hydropower's issuer rating to BB+ indicating moderate risk, and NMB Capital Limited is the issue manager.
