Yambaling Hydropower Limited Concludes IPO Allotment for Project-Affected Locals of Sindhupalchowk
Summary
Yambaling Hydropower Limited concluded its IPO allotment for project-affected locals of Sindhupalchowk, issuing shares worth Rs. 7 Crores to them as part of its Rs. 70 Crores capital raise.
Key Points
- Yambaling Hydropower Limited concluded the IPO allotment today for project-affected locals of Sindhupalchowk.
- The company’s issued capital is Rs. 70 Crores, with 40% allocated to the public and 10% specifically to project-affected locals.
- 7.27 MW run-of-river Yambaling Khola Hydropower Project began commercial operations on February 20, 2024, under a BOOT arrangement.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of CARE-NP BB- (Is) for Yambaling Hydropower Limited.
