Super Hewa Power Appoints Muktinath Capital as Issue Manager for Public Share Offering

Super Hewa Power Company Limited has signed an agreement with Muktinath Capital Limited to manage the underwriting of its public share issuance. Under the agreement, Muktinath Capital will handle the guarantee management for 1,925,000 ordinary shares worth Rs. 19.25 crores to be issued to the general public.

The agreement was signed by Company Chairman Harka Bahadur Tamang and Muktinath Capital’s Chief Executive Officer Kabindra Dhoj Joshi. The company is currently developing a 6 MW hydropower project in Chainpur Municipality–4 of Sankhuwasabha district, utilizing the water resources of the Hewa River.