TAKSAR Hydropower Gets SEBON’s Nod for NPR 423 Million IPO

GP Chudal
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TAKSAR Hydropower

TAKSAR Hydropower Gets SEBON’s Nod for NPR 423 Million IPO

TAKSAR Hydropower, a leading hydropower company in Nepal, has secured approval from the Securities Board of Nepal (SEBON) to issue 4,230,668 shares to the public, raising NPR 423,066,800 in capital. This is a significant achievement for the company, which demonstrates its dedication to the hydropower sector and renewable energy solutions.

The company has appointed Prabhu 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 sustainable energy solutions, 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.

The company has not announced the issuance date yet, but stay tuned for more updates as TAKSAR Hydropower embarks on this transformative journey in the hydropower landscape, shaping the future of renewable energy in Nepal.

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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