Kathmandu, July 11: Kumari Capital Limited has been appointed as the securities issue and sales manager for the initial share (IPO) entitled ordinary shares to the former shareholders of Singati Hydro Energy Limited.
Sinagti Hydro Energy Limited’s initial share (IPO) entitled ordinary share issue and sale agreement in the agreement letter, on behalf of Hydro Energy Company, Managing Director Sudip Khadka and Kumari Capital Limited. Chief Executive Officer Mr. Pushpa Sharma signed during a ceremony.
Singati Hydro Energy Limited has prepared to issue and sell 1,45,00,000 shares of rightful ordinary shares (1:1) at a nominal price of 100 rupees per share to the existing shareholders.
The authorized capital of Singati Hydro Energy Limited is Rs. 2 billion 90 million rupees, the issued capital is Rs. 2 billion 90 million rupees, and after the issue of rights shares, the company’s paid-up capital is Rs. 2 billion 90 million rupees.
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