Fri, Apr 26, 2024
Mountain Energy (MTHNL) has sought approval from Securities Board of Nepal (SEBON) to issue initial public offering (IPO) worth Rs 393.6 million.
The hydropower company is planning to issue 3,936,054 units of shares at a face value of Rs 100.
The company has appointed Nabil Investment Banking as its issue manager.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.
