KATHMANDU: Himalaya Hydropower Limited and Himal Dolakha Hydropower are set to issue 8,450,000 units of shares (IPO) worth Rs 845 million.
Himalayan Hydropower is issuing 2,250,000 units of shares worth Rs 225,000,000. Himalayan Hydropower has appointed Janata Capital as its sales manger.
Of the total shares issued, 900, 000 units of shares worth Rs 90 million have been allocated for locals living in the projected-hit area.
The company has aimed at generating electricity by Dashain festival.
Likewise, Himal Dolakha Hydropower company is also issuing 6,200,000 units of shares (IPO) worth Rs 620 million. The company has appointed Global IME Capital as its sales manager.
Himal Dolakha has allocated 1,600,000 units of shares for the locals of the project area. The locals can apply for the shares from June 11.
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