Sanjen Hydropower appoints Citizen Investment Trust as issue manager for upcoming IPO

Sanjen Hydropower Company Limited has appointed Citizen Investment Trust as issue manager for upcoming IPO. The agreement was signed yesterday (Magh 2, 2073). Sanjen Jalavidhyut Company Limited (SJCL) is a subsidiary of Chilime Hydropower Company Limited. SJCL is developing 42.5 MW Sanjen Hydroelectric Project and 14.8 MW Upper Sanjen Hydropower project in Rasuwa district. The company will be floating 87.60 lakh shares at a value of Rs 100 per unit in the preliminary stage for staffs of lending institutions, promoters, and EPF depositors.