Mountain Energy to issue IPO worth Rs 390 Mn

Oct 03, 2018 Merolagani

Mountain Energy Nepal (MENL) is set to issue initial public offering (IPO) worth Rs 393.6 million. The company will issue 3,936,054 units of shares with a face value of Rs 100 to the locals of affected area and general public in the near future.

In this regard, Mountain Hydro has appointed Nabil Investment Banking and CBIL Capital as its issue manager and share registrar.

Shyam Sundar Kheta, Director of Mountain Energy, Sabir Bade Shrestha, CEO of Nabil Investment and Samir Prasad Dhahal, CEO of CBIL Capital signed the agreement on behalf of their respective organization.

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