Muktinath Capital to Underwrite Apollo Hydropower's Public Issue

Muktinath Capital Limited (MuktinathCap), a leading financial institution, has entered into an underwriting agreement with Apollo Hydropower for the management of 14,10,000 ordinary shares to be issued to the general public. The agreement, dated 17th Poush, 2080, was officially signed by Mr. Ang Tenzi Sherpa, Executive Chairman of Apollo Hydropower, and Mr. Kabindra Dhoj Joshi, Chief Executive Officer of Muktinath Capital Limited.

The public issue, facilitated by Muktinath Capital, represents a significant step for Apollo Hydropower in raising capital for its ambitious ventures.

Having secured a power purchase agreement with the Nepal Electricity Authority on the 22nd of Shrawan, 2075, Apollo Hydropower has made significant strides in project development, with 55% of the construction work already completed.