Kalanga Hydro Limited Appoints Jyoti Capital As Its Underwriter

Fri, Feb 2, 2024 4:00 PM on Latest, IPO/FPO News,

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 49 lakh units, hydropower has appointed Jyoti Capital Limited as an underwriter of its 34.90 lakh unit ordinary shares.

On Thursday, the agreement between Capital and Hydropower is signed. At the registered office of Kalanga Hydro Limited, Dhobighat, Lalitpur, a signing ceremony is organized. Bikas Dhakal, the Chief Executive Officer of Jyoti Capital Limited, and Tirth Raj Chataut, the Executive Director of Kalika Hydro Limited, signed the agreement.

Jyoti Capital is a subsidiary of Jyoti Bikas Bank having paid-up capital of Rs 21 crores. With the desire to be a companion to the prosperity of every customer, Capital has obtained permission to act as a merchant banker in the Nepal Securities Ward and is providing investment management services, institutional consulting, and securities underwriting services.