NMB Capital has been appointed as issue manager by the company. With the start of the new FY, general shares can be applied through ASBA system only as per the directive of SEBON.
Earlier, the hydro issued 260,000 units of general shares to the locals of affected area of Dolakha. After the general share issuance, the paid-up capital of the company will reach Rs 260 million.
The hydro company after constructing 3.52MW Charnawati Hydropower project is regularly supplying electricity. ICRA Nepal has granted rating 4 for the company indicating below average fundamentals.
