Shaileshwari Power Nepal appoints Laxmi Capital Market for its corporate advisory service; hydro developer also to float its ordinary shares in IPO

Laxmi Capital Market has inked an agreement with Shaileshwari Power Nepal to provide corporate advisory service to the hydro development company.

The MoU was signed between CEO of Laxmi Capital Mr. Rajeev Sapkota and MD of Shaileshwari Power Mr. Jagdish Bahadur Pal amid a program. The merchant banking firm will also serve as the issue manager when the hydro company goes public and offers its ordinary shares to the general public, per the media statement.

The Doti based 1.55 MW Upper Gadigad that Shaileshwari Power is promoting has so far completed 70% of the construction work and will float its shares to the public, as per the media statement.