Rairang Hydropower appoints Ace Capital as issue manager to issue 14 lakh units IPO shares

    13

    Rairang Hydropower Development Company Limited has appointed Ace Capital Limited as issue manager to float 14 lakh units Initial Public Offering (IPO) shares.

    Purna Chandra Dahal, General Manager of Ace Capital and Guru Prasad Neupane, CEO of Rairang Hydropower Development Company Limited signed the agreement yesterday (Shrawan 23, 2073).

    rairang-photo

    Issuing a press release, it stated that Ace Capital will be the issue manager for 14 lakh units IPO shares of Rairang Hydropower Development Company.

    Rairang Hydropower Development Company Limited is issuing 14 lakh units IPO shares at the face value of Rs 100. Of the total shares, 5, 60, 000 units shares has been set aside for the locals and remaining 8, 40, 000 units shares will be issue to general public.

    Source : Share Sansar