HIDCL signs pact with NEPSE for listing 10 crore unit shares; Shares to be listed within 1 week for trading

Hydroelectricity Investment and Development Company Limited (HIDCL) and Nepal Stock Exchange Limited (NEPSE) have signed an agreement to register 10 crore units shares yesterday (Ashad 16, 2073). The company has authorized capital of Rs 50 arba and issued capital of Rs 10 arba. In the company’s capital structure, Government of Nepal has holding of  Rs 5 arba of its issued capital, Rs 2 arbaof general public and Rs 1 arba each of Karmachari Sanchaya Kosh (KSK), Rastriya Beema Sansthan( RBB) and Citizen Investment Trust (CIT). Hydroelectricity Investment & Development Company Limited (HIDCL) had floated its Initial Public Offering (IPO) worth Rs 2 arba (2 crore units’ shares) on Kartik 12, 2072. Now the shares will be listed in Nepal Stock Exchange Limited (Nepse) within 1 week for trading. Earlier, CDS and Clearing Limited (CDSC) and HIDCL had signed a pact to register 10 crore units shares for dematerialization on Ashad 7, 2073.