Approval to CEDB to issue IPO of Rs. 250 million

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2 April, Kathmandu. Nepal Securities Board (NSB) approved the issuance of IPO to CEDB Hydropower Development Company,  an IPO of more than Rs 251.8 million has been confirmed.

Sunrise Capital is the sales manager for CEDB Hydropower’s IPO issue. As per the information given by the board, the company will issue 25 lakh 18 thousand 230 lots or Rs.251.8 million equivalent of IPO.