Panchakanya Mai Hydro Seeks SEBON approval for IPO

May 24, 2018 Merolagani

Panchakanya Mai Hydropower (PMHL) has sought approval from SEBON for the issuance of 1.1 million units of IPO worth Rs 110 million on May 21.

Panchakanya Mai has appointed Sunrise Capital as its issue manager.

Earlier, the company issued 1.1 million units of shares to locals of the affected area on January 19 to February 2.

Promoted by Panchakanya Group, Panchakanya Mai Hydro is operating 12MW Upper Mai Hydropower and developing 6.1MW cascade project.

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Nepal reports 1,172 new COVID-19 Cases; 637 in Valley

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