SEBON grants final approval to issue initial public offering (IPO) for Union Hydropower limited.
The hydropower company will be issuing 7,50,000 units of shares for local people of project affected areas. It is 10% mandatory issue for locals of project affected areas of Lamjung district.
Laxmi Capital Markets Limited has been appointed as issue manager.
It has been developing 3.3 MW Midim Khola Project. Further it has also received approval for construction of 23 MW Mewa Khola Project.
