Five hydropower companies receive regulator’s approval to issue IPOs

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KATHMANDU, Nov 24: The Securities Board of Nepal (SEBON) has permitted five hydropower companies to issue 41.40 million units of their primary shares.

According to the SEBON, Asian Hydropower, Supermai Hydropower, Super Madi Hydropower, Maya Khola Hydropower and Shuvam Power have recently received approval from the regulator to float the initial public offerings (IPOs). These hydropower companies will issue IPOs worth Rs 4.14 billion for migrant workers, people from project affected areas and the general public.

Source : Republica