Green Life Hydropower to issue 3.5 Mn Units IPO

Jan 22, 2021 03:45 PM Merolagani

Green Life Hydropower is set to issue 3.5 million units of primary shares (IPO) including unsold units issued to locals of affected area.

For this, the company has appointed Sanima Capital as its issue manager.

The hydropower company is issuing 3,496,400 units of ordinary shares including 1,696,400 unsold units issued to locals of affected area. Some portion of the issuance will be allocated to mutual funds and employees.

The company has obtained approval from Securities Board of Nepal (SEBON) for the same on January 17. As per the issue manager, the company is planning to issue the IPO from January last week.

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