Kathmandu, Dec. 6
Union
Mewa Hydro Limited is set to issue the Initiation Public Offering (IPO) of
shares equivalent of Rs. 353 million. The company will issue 3.5 million shares
with the unit price of Rs. 100 to the public, it informed in a statement on
Friday.
The company has appointed Laxmi Sunrise Capital Limited as the issue
manager of the IPO.
Bijay Lal Shrestha, CEO of the Capital, and Kiran Malla, Chairman of
Union Mewa, signed an agreement appointing the issue manager.
Union Mewa is currently constructing the 23 MW Mewa Khola Hydropower
Project in Mikwa Khola Rural Municipality of Taplejung district.
According to the company, about 35 per cent of the construction of the project
is completed.
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