Modi Power appoints Sunrise Capital as issue manager to float 42 lakh unit public shares; another 20 MW hydro project at Lower Modi Khola in the hydropower scene

Fri, Nov 16, 2018 12:08 PM on Corporate, IPO/FPO News, Latest,

Modi Power Limited, the developer of 20 MW Lower Modi Khola Hydropower project at Parbat district has appointed Sunrise Capital as issue manager for the issuance of 42 lakh unit shares (16.80 lakh to project affected and 25.20 lakh units to general public).

The agreement was signed between Mr. Kumud Kumar Duggad from the hydro developers and CEO of the merchant banker Mr. Bijay Lal Shrestha amid a program.