SHEL Signs Rights Share Management Agreement with Muktinath Capital
Summary
Singati Hydro Energy Limited (SHEL) has signed an agreement with Muktinath Capital Limited for rights share issuance and management to fund hydroelectric projects.
Key Points
- Singati Hydro Energy Limited (SHEL) signed a rights share management agreement with Muktinath Capital Limited.
- The agreement was signed by SHEL Managing Director Sudip Khadka and Muktinath Capital CEO Kabindra Dhoj Joshi.
- SHEL's 16th AGM approved issuing 30,450,000 ordinary shares at NPR 100 each on a 1:1 basis.
- Funds will be invested in 61.11 MW Narakhola and 86.59 MW Landruk Modi Hydro Projects.
