Tundi Power Appoints Kumari Capital as Issue Manager for Public Share Offering
Summary
Tundi Power Company Limited has appointed Kumari Capital Limited as the issue manager for its IPO of 1 crore shares worth Rs 1 Arba, targeting Nepali citizens abroad, project-affected residents, employees, investment funds, and the public. The company operates two hydropower projects in Myagdi district.
Key Points
- Tundi Power Company Limited appointed Kumari Capital Limited as the issue and sales manager for its upcoming IPO.
- The IPO involves 1 crore ordinary shares valued at Rs 1 Arba with a face value of Rs 100 per share.
- Shares will be offered to Nepali citizens abroad, project-affected area residents, employees, investment funds, and the general public.
- Tundi Power operates two hydropower projects in Myagdi district: Chimkhola Rahughat Mangale (35.5 MW) and Upper Rahughat (48.5 MW).
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