Rairang Hydro to issue IPO

Apr 22, 2018 Merolagani

SEBON has approved IPO proposal of Rairang Hydropower Development Company (RAIRANG). Following the approval, the company will now issue 840,000 units of IPO worth Rs 84 million to employees and the general public.

Earlier, the company issued 560,000 units of IPO to the locals of affected area of Panchthar and Taplegunj.

The company has appointed Ace Capital as its issue manager.

Presently, the company has an issued capital of Rs 560 million with 75 percent ownership of promoter shareholders.

 

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