Yambaling Hydropower will issue an IPO to the general public from May 16
Kathmandu. Yambaling Hydropower Company Limited is going to issue an IPO to the general public from the 16th of Baisakh. In the first phase, after distributing the IPO to project-affected and foreign employed Nepalis, the second phase is to issue the IPO to the general public as well.
The company has received permission from the Nepal Securities Board to issue 40 percent of its issued capital of 70 million rupees, i.e. 28 million rupees. Out of which, 700,000 shares have been distributed among the project-affected and 200,000 shares among Nepalis who are employed abroad.
Now, out of the remaining IPO, 1 lakh 5 thousand shares have been reserved for collective investment fund and 42 thousand shares for the employees working in the company.
Express
Related News
Foreign currency exchange rates: The dollar, euro and pound rose
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 153 rupees 86 paise and the selling rate is 154 rupees 46 pai...
The training and cultural program of National Life was grandly completed
Kathmandu. National Life Insurance Company Ltd. has completed a training and cultural program at the Hotel Royal Tulip in Lalitpur for the successful agents who have performed excellent work in accordance with the monthly plan issued in the month...
Authority constructing new Butwal Lamhi transmission line
Kathmandu. The Nepal Electricity Authority is going to construct a new Butwal Lamahi power transmission line with a capacity of 400 KV. The total length of 161 km transmission line is intended to transmit the electricity of eastern Nepal to the we...
Here is the foreign currency exchange rate for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 152 rupees 67 paisa and the selling rate is 152 rupees 27 paisa.
The b...
Grant of three billion rupees has been approved to Nepal from the Climate Damage Fund
Kathmandu. For the relief, rehabilitation and reconstruction of the communities affected by the devastating floods in the Bhotekoshi and Trishuli rivers due to climate change, the Climate Damage Loss and Damage Fund has decided to provide Nepal wi...
Purchase of paddy at support price by cooperative in Bardia, relief to farmers
Bardia. The government had fixed the minimum support price of rice at the time to provide a fair price of rice to the farmers. Although the minimum support price of paddy was fixed, the farmers were not able to get the...



