Samling Power appoints Nepal SBI Merchant Banking as its issue manager; hydro company to float 12.30 lakh unit ordinary shares in near future

Samling Power has appointed Nepal SBI Merchant Banking as an issue manager of its ordinary shares. 

As per the media statement, the hydro company will be issuing 12.30 lakh unit ordinary shares in an IPO process in a near future.

The agreement towards that effect was signed between CEO of the merchant banker Ms. Roshani Bharati and her counterpart in the hydro company Mr. Bhanu Bhakta Pokharel amid a program.

The 9.51 MW Mai Beni Hydro Project currently under construction at Illam under Samling Hydro Company is expected to begin churning out the electricity from the end of the year 2020, as per the statement.