Apollo Hydropower opens first phase IPO sale from tomorrow

Kathmandu. Apollo Hydropower Limited is going to issue IPO from tomorrow, February 11th. The company is going to issue an IPO in the first phase tomorrow for the local residents of the project-affected areas and Nepalis working abroad.

The Nepal Securities Board has given permission to the company to issue 30 percent of the issued capital of Rs. Out of which, 470,000 shares are going to be issued to the residents of the project-affected areas and 94,000 shares are to be issued to the Nepalese who have received labor approval from the relevant agencies of the Government of Nepal and have gone for foreign employment at the rate of 100 rupees per share.

Express

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