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
Fourth extension of Pokhara-Muglin road project
Kaski. Pokhara-Muglin road upgrading project has been extended for the fourth time. After the deadline extended for the third time has passed, the project has been given the final deadline till the 10th of November.
According to Krishna Baha...
200 billion is being added to large tax payer companies, from hydropower to beverages, expanding investment in Nepal
Kathmandu. Finance Minister Dr. Swarnim Wagle has asked the multinational big taxpayer companies that have invested in Nepal to bring in more investment. In the discussion held at the Ministry on Monday, Finance Minister Wagle asked 20 large multi...
New Government Still Relies on Foreign Loans Instead of Collecting Revenue
By Anusa Thapa
Bhaktapur, Nepal — The courts issue orders, but the government fails to implement them. This reality is clearly reflected in the government's inability to collect taxes and revenues despite repeated court directives.
Cou...
Cash transaction limit of 5 lakhs maintained, 10 lakhs system abolished
Kathmandu. Nepal Rastra Bank has implemented a system where cash cannot be withdrawn by exchanging checks worth more than 5 lakh rupees. The Central Bank has made it compulsory to have an account payable when issuing checks above 5 lakhs. The limi...
Indian ban on tea export lifted
Biratnagar. The export of Nepali tea, which has been suspended for almost two months, has resumed from Tuesday due to the new standard 9SOP0 implemented by the Indian Tea Board in the name of testing the quality of Nepali tea.
According to A...
Beni Hydropower's IPO is open to public
Kathmandu. Beni Hydropower Project Limited has opened its initial public offering (IPO) sale to the general public from today. The company has issued 8 lakh 63 thousand 200 shares to the general public at a price of Rs 100 per share.
The Nep...



