Mount Everest Power Development Limited Closing IPO Shares to Project-Affected Locals of Solukhumbu From Today
Summary
Mount Everest Power Development Limited is closing the issue of 860,000 IPO shares allocated to project-affected locals of Solukhumbu District as part of its public offering for the Dudhkunda Khola Hydroelectric Project.
Key Points
- Mount Everest Power Development Limited is closing the IPO issue of 860,000 shares for project-affected locals of Solukhumbu District on 31st Baisakh, 2083.
- The company has an issued capital of Rs. 86 Crores, with 30% (2,580,000 shares) issued to the public.
- Out of the public shares, 10% are allocated to project-affected locals in Solukhumbu and 10% of the general public shares are allotted to Nepalese working abroad.
- The company operates a 12 MW run-of-river Dudhkunda Khola Hydroelectric Project under the BOOT model in Solukhumbu District since July 31, 2024.
