Rasuwagadhi Hydropower clarifies the application to be disqualified if applied again; locals of Rasuwa district applying now are not eligible to apply at the time of local issue

Siddhartha Capital Limited, an issue manager for ongoing IPO issue of Rasuwagadhi Hydropower Company Limited has published a notice regarding disqualification of application of those investors whose applications were allotted at the time of IPO issuance to the employees of Employees Provident Fund, employees of promoter institutions and employees of local offices of Rasuwa District earlier.

Also the notice further clarifies that those local investors who applied for ongoing IPO shares will be automatically disqualified at the time of issuance of IPO shares to locals of Rasuwa district.

The IPO shares issuance to the local of Rasuwa district is still pending.

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