Rasuwagadhi Hydropower Allots IPO

Sep 14, 2022 10:02 AM Merolagani

Rasuwagadhi Hydropower Company has allotted initial public offering (IPO) issued to the locals of affected area on September 13.

The company issued 10 percent i.e. 6,842,100 units of shares to the locals of affected area from June 27-August 16. The locals of ward no 1 Thuman and ward no 2 Timere of Goshaikunda area, Goljung ward no 4 and Chilime ward no 5 of Aamachodingmo Ruralmunicipality and remaining wards of Gosaikunda Ruralmunicpality, ward no 4 Langtang, ward no 5 Syafrubesi and ward no 6 Thunche as well as all locals of affected area from the district.

The shares has been allocated as per the ratio of 4.5, 1.5 and 1 ratio to most affected area, affected area and normal affected areas.

The company has appointed Siddhartha Capital as its issue manager along with NIBL Ace Capital, Global IME Capital and Sunrise Capital as co-issue manager. The results can been viewed through the website of Sunrise Capital and CDSC.2qqax

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