Citizens Capital Appointed as Issue Manager for Himalayan Energy’s IPO
Summary
Citizens Capital Limited has been appointed as the issue manager for Himalayan Energy Ltd.'s IPO, which involves issuing 20% of its shares to the public. Himalayan Energy is developing the 3 MW Kalinchowk Hydropower Project in Dolakha, Nepal.
Key Points
- Citizens Capital Limited appointed as issue manager for Himalayan Energy Ltd.'s IPO.
- Himalayan Energy plans to issue 10 lakh shares, representing 20% of its paid-up capital, to the public.
- The company is developing the 3 MW Kalinchowk Hydropower Project in Dolakha.
- Himalayan Energy has long-term plans to invest in other energy and infrastructure projects for sustainable development in Nepal.
