Mount Everest Power Development Limited Issuing IPO Shares to Locals of Solukhumbu District And Nepalese Employed Abroad From Baishakh 17
Summary
Mount Everest Power Development Limited is issuing IPO shares to locals of Solukhumbu District and Nepalese employed abroad starting Baishakh 17, 2083, with specific allocation and application guidelines.
Key Points
- Mount Everest Power Development Limited is issuing IPO shares to project-affected locals in Solukhumbu and Nepalese citizens working abroad starting from Baishakh 17, 2083.
- 30% of the company's total capital, i.e., 25,80,000 shares, will be issued to the public with specific allocations for locals and general public.
- The IPO for locals runs from Baishakh 17 to 31, 2083, with possible extensions if undersubscribed; for Nepalese abroad, it runs from Baishakh 17 to 23, 2083.
- CARE Ratings Nepal Limited reaffirmed MEPDL's credit ratings indicating moderate risk, and NIMB Capital Limited manages the IPO process.
