Gumukhola Bhyakure Hydropower Appoints RBB Merchant Banking as IPO Issue and Sales Manager
Summary
Gumukhola Bhyakure Hydropower Limited has appointed RBB Merchant Banking Limited as issue and sales manager for its upcoming IPO of 500,000 ordinary shares. The project in Dolakha has an installed capacity of 950 kW and is connected to Nepal Electricity Authority’s Singati Substation.
Key Points
- Gumukhola Bhyakure Hydropower Limited has named RBB Merchant Banking Limited as the issue and sales manager for its upcoming IPO.
- The IPO will offer 500,000 ordinary shares to the general public and project-affected residents.
- The run-of-river project is being developed in Kalinchowk Rural Municipality, Dolakha, with an installed capacity of 950 kW.
- Its electricity is linked to the Nepal Electricity Authority’s Singati Substation through a 33 kV transmission line.
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