Ace capital appointed as issue manager for Divyashowri Hydropower’s IPO

ShareSansar June 4:

Ace Capital has been appointed as the issue manager for the IPO of Divyashowri Hydropower.
 
An agreement on issuance of shares was signed by the chairman of Divyashowri Hydropower, Dadhi Ram Niraula and the General Manager of Ace Capital, Niraj Parajuli on Wednesday.

Divyashowri Hydropower will soon be issuing 6 lakhs and 30 thousand units of share. Out of which 2 lakhs and 64 thousand units’ shares will be allocated to the local people of the project- affected areas and 3 lakhs 93 thousand unit shares will be allocated to the general public.