Rasuwagadhi and Sanjen to issue IPO to Locals of Affected Area

Oct 24, 2021 04:09 PM Merolagani

Rasuwagadhi Hydropower (RHPL) and Sanjen Jalvidhyut Company (SJCL) have not issued initial public offering (IPO) to the locals of the affected area to date.

Meanwhile, they have already issued IPO two years back on April 19-25 for the general public citing a lack of funds for reconstruction after the earthquake.  Moreover, they also issued IPO to depositors and employees of Employee Provident Fund as well as employees of Nepal Electricity Authority and Chilime Jalvidhyut Company.

According to Vishwa Mall, CEO of Rasuwagadhi Hydropower, the company is preparing to issue the IPO to the locals of the affected area by coming mid-December.

Malla informed that the IPO was delayed due to the pandemic.

Similarly, Sanjen Jalvidhyut also said that it will issue the IPO within coming mid-December.

Rasuwagadhi and Sanjen Jalvidhyut to issue IPO worth above Rs 1bn

Rasuwagadhi Hydropower is set to issue 6,842,010 units of shares worth Rs 684.2 million to the locals of the affected area.

After the issue, the paid-up capital of the company will reach Rs 6.84 billion.

Similarly, Sanjen Jalvidhyut is set to issue 3,650,000 units of shares worth Rs 365 million to the locals of the affected area.

The paid-up capital of the company will reach Rs 3.65 billion after the issue.

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