Rawa Energy Development is going to Issuing IPO Shares to the Nepalese employee working abroad and Locals of Khotang on 23rd Chaitra

Rawa Energy Development is going to Issuing IPO Shares to the Nepalese employee working abroad and Locals of Khotang on 23rd Chaitra

In order to issue an Initial Public Offering (IPO) to the Khotang District residents who will impact by the project and Nepalese nationals working overseas. Rawa Energy Development Limited has released an offer letter.

The initial public offering (IPO) for residents and Nepalese nationals working overseas will begin on Chaitra 23, 2080, and end on Baisakh 7.

For Khotang District residents, take note that the issue may prolonge until the 22nd Baisakh if it is not subscribed by the early closure date.

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The problem, though, won’t be continued past the early closure date for Nepalese nationals who are employed overseas.

10%, or 2,80,000 unit shares worth Rs. 2.8 crore, of the company’s 28 crore rupees in authorized capital have give to Khotang District residents who will impacte by the initiative.

A subsequent date will see the issuance of 560,000 unit shares, or 20% of the company’s outstanding capital. 10% of the shares, or 56,000 units, have set aside in this public offering for Nepalese nationals working overseas. The offering will begin on the date specified above.

Rawa Energy Development is going to Issuing IPO Shares to the Nepalese employee working abroad and Locals of Khotang on 23rd Chaitra

The lowest application quantity for the project’s locals is 10 units, and the highest application quantity is 10,000 units. The minimal and highest application quantities for Nepalese nationals working overseas are 10 and 2,800, respectively.

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After being establish on August 16, 2009, as a private ltd company. Rawa Energy Development Ltd. subsequently changed its status on June 28, 2019, becoming a public limited company.

For the purpose of establishing hydroelectric projects (HEPs) on Nepali soil. Businesspeople with extensive expertise in hydropower and other sectors are pushing for this.

The Upper Rawa Khola Small Hydropower Project (URKHP), a 3 MW project owned by the business, has in existence since September 20, 2020 in the Khotang District. Building, Owning, Operating, and Transferring is the method use for this undertaking.

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