Eastern Hydropower Limited (EHL) has allotted 6,20,000 units of IPO shares to the project affected locals of Bhojpur District on 9th Ashwin, 2079.
The company issued 6,20,000 units of ordinary shares worth Rs. 6.20 crores to the project affected locals from 7th Bhadra, 2079. The early closing date of this IPO issue was on 21st Bhadra, 2079. Since the issue wasn't fully subscribed by then, the deadline was extended till Bhadra 28. Out of total units, 569,690 units were alloted to the eligible applicants.
NMB Capital was appointed the issue manager. Locals of Bhojpur District could apply for a minimum of 10 shares to a maximum of 1,00,000 shares.
CARE Ratings Nepal Limited (CRNL) has revised Issuer rating to ‘CARE-NP B+ (Is)’ to Eastern Hydropower Limited (EHL). Issuers with this rating are considered to have high risk of default regarding timely servicing of financial obligations in Nepal.