Kalanga Hydro Limited is going to issue 49,00,000 units worth Rs. 49 crore IPO shares to the general public at a par value of Rs 100. Out of a total of 49 lakh units, the hydropower company had initially assigned Jyoti Capital Limited as the underwriter for its 34.90 lakh unit ordinary shares. Subsequently, Hydropower has now selected Laxmi Sunrise Capital as the underwriter for its additional 14.10 lakh units of ordinary shares.
The tripartite agreement between Capital and Hydropower is signed, at the registered office of Kalanga Hydro Limited, Dhobighat, Lalitpur, and a signing ceremony is organized. Bikas Dhakal, the Chief Executive Officer of Jyoti Capital Limited, Bijaya Lal Shrestha, the Chief Executive Officer of Laxmi Sunrise Capital, and Tirth Raj Chataut, the Executive Director of Kalika Hydro Limited, signed a tripartite agreement.