Mount Everest Power Development Limited Concludes IPO Allotment for Project-Affected Locals of Solukhumbhu on Today
Summary
Mount Everest Power Development Limited completed the IPO allotment for project-affected locals of Solukhumbu District, allocating shares totaling Rs. 8.60 Crores under a 12 MW hydroelectric project.
Key Points
- Mount Everest Power Development Limited concluded its IPO allotment for project-affected locals of Solukhumbu District on 20th Jestha, 2083.
- The company has an issued capital of Rs. 86 Crores, with 30% allocated for the public and 10% specifically reserved for project-affected locals in Solukhumbu.
- The IPO received 11,809 valid applications for 341,080 units, with specific allotment modules for severely affected and affected categories.
- The company operates the 12 MW Dudhkunda Khola Hydroelectric Project in Solukhumbu based on the BOOT model, with credit ratings affirmed by CARE Ratings Nepal Limited.
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