Maya Khola Hydropower Company is Going to Issue an IPO to Nepalese Employee working abroad and Project Affected Locals.
Project stakeholders, including locals and Nepalese nationals working abroad, are require to purchase IPO shares by Maya Khola Hydropower Company Ltd. The allocation plan came to an end on June 26, 2079.
10% of the company’s issued capital, or 10,00,000 unit shares worth Rs. 10 crores. Were distribute to those living in the Sankhuwasabha District who were affecte by the project. A later public issuance of 24,00,000 unit shares, representing 24% of the company’s outstanding capital, will take place. 10% of the shares, or 2,40,000 units, are set aside in this public offering for Nepalese nationals working abroad. The offering starts on the 23rd Mangsir and Prabhu Capital Ltd is the Issue Manager of this IPO.
The company officially informs that, in accordance with the notice publish today. The issue units are distribute to the applicants on Poush 26. ICRA Nepal has confirmed Maya Khola Hydropower Company Limited’s issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B negative). For issuers with this rating, the quick service of financial obligations is deeme to constitute a minimal default risk.
In Nepal’s Province No. 1’s Sankhuwasabha district, the 14.9 MW Maya Khola HEP is built by the Maya Khola Hydropower Company Ltd. Run-of-the-river (R-o-R) type project is create with a 40% chance of exceeding goals. The project, which is a part of the Super-6 initiative, was initially researche by the Nepali Department of Electricity Development.
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