YAMBALING Hydropower Gets SEBON’s Nod for NPR 280 Million IPO

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YAMBALING Hydropower

YAMBALING Hydropower Gets SEBON’s Nod for NPR 280 Million IPO

YAMBALING Hydropower, a leading hydropower company in Nepal, has secured approval from the Securities Board of Nepal (SEBON) to issue 2,800,000 shares to the public, raising NPR 280,000,000 in capital. This is a major achievement for the company, which demonstrates its dedication to the hydropower sector and renewable energy solutions.

The company has appointed Muktinath Capital Limited as the issue manager, who will facilitate the issuance process. The company plans to use the funds raised to develop its existing hydropower projects and pursue new opportunities in the sector.

The company is known for its commitment to harnessing Nepal’s hydropower potential, which aligns with the country’s goal of increasing its energy security and reducing its carbon footprint. Investors and stakeholders are advised to keep an eye on the company’s progress and potential in the hydropower sector.

You can also view all upcoming IPOs in Nepal.

Suggested: Everything you need to know about IPO in Nepal.
Published on: Jan 19, 2024

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