Mountain Energy postpones IPO Issue to Project-Affected Locals until further notice

Wed, Jul 22, 2020 11:40 AM on IPO/FPO News, Latest,
Mountain E...

Because of numerous calamities that are occurring throughout the country, Mountain Energy Nepal has postponed the issuance of IPO to project-affected locals.

Mountain Energy Nepal Limited had planned to issue 19,68,027 unit shares to project-affected locals as Initial Public Offering (IPO) from tomorrow (Shrawan 8) till Shrawan 22, 2077.

However, because of numerous landslides throughout the country, Mountain Energy Nepal has stated that it is currently unable to provide IPO-application services to the project-affected locals.

While IPOs to the general public can be filled online, IPOs to projected-affected locals still have to be submitted with a hardcopy application form.

The issue is postponed until further notice.