Snow Rivers Limited Closing IPO Shares to Project-Affected Locals of Taplejung and Panchthar From Today
Summary
Snow Rivers Limited is closing its IPO shares for project-affected locals of Taplejung and Panchthar districts today. The company operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung, Nepal.
Key Points
- Snow Rivers Limited is closing the issue of 937,500 IPO shares for project-affected locals of Taplejung and Panchthar on 23rd Chaitra, 2082.
- The company has a total issued capital of Rs. 93.75 Crores and is allocating 10% of shares to project-affected locals.
- Snow Rivers operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung District, Province 1, Nepal.
- ICRA Nepal upgraded the issuer rating of Snow Rivers Limited to BB+, indicating moderate risk of default.
