Menchhiyam Hydropower Signs Agreement for Rights Share Issuance with NIC Asia Capital
Summary
Menchhiyam Hydropower Limited has signed an agreement with NIC Asia Capital to issue 5,425,833 rights shares worth Rs. 54.25 crore, facilitating capital raising under regulatory approval from the Securities Board of Nepal.
Key Points
- Menchhiyam Hydropower Limited signed an agreement with NIC Asia Capital Limited to issue rights shares.
- The agreement involves issuing 5,425,833 rights shares at Rs. 100 each, raising Rs. 54.25 crore.
- The agreement was signed by MCHL company secretary Dhan Raj Subedi and NIC Asia Capital CEO Ramendra Rayamajhi.
- NIC Asia Capital has a strong track record of managing share issues, having raised over Rs. 18.94 Arba for multiple companies.
