Lower Erkhuwa Hydropower appoints Muktinath Capital as issue manager to float 21 lakh unit shares in IPO;13  MW hydro project in Bhojpur to complete its construction work soon

Tue, Oct 5, 2021 6:48 AM on Latest, Corporate,

Lower Erkhuwa Hydropower Company Limited, the 13 MW  Hydropower project in  Bhojpur district has appointed Muktinath Capital as the issue manager for the issuance of 7 lakh unit shares to the project affected locals and 14 lakh shares to the general public.

The agreement was signed between Mr.Bisweswor Subedi, MD of the hydro developer, and CEO of the merchant banker Mr.  Kabindra Dhoj Joshi, amid a program.

The hydropower company is currently working on the major chunk of the construction work and is eyeing to begin commercial production of the electricity at the earliest, as per the media statement.