SEBON grants final approval to issue 1.44 crore units IPO shares of Madhya Bhotekoshi Jalabidyut Company.
The company will be floating 24% or 1.44 crore units IPO share for Employees having membership of Employee Provident Fund, Employees of Promoter Shareholding Companies, Employees of Lending Institutions in the first phase.
The company will be issuing 10% or Rs.60 crore for locals of project affected areas & 15% or Rs.90 crore for general public after first phase issuance.
Global IME Capital Ltd., NIBL Ace Capital Ltd., Prabhu Capital Ltd., Laxmi Capital Market Ltd., Civil Capital Market Ltd., Sanima Capital, CBIL Capital Ltd. have been appointed as issue manager.
It has planned to develop Middle Bhotekoshi Hydroelectric Project (MBKHEP) with an installed capacity of 102 MW in Sindhupalchowk district.
It is subsidiary company of Chilime Hydropower Company. Chilime holds 38% & NEA holds 10% of share capital.
