Young Capital; Janata Capital and Himalayan Hydro signs an agreement! Janata Capital appointed as the issue manager for the IPO issue

Tue, Jun 4, 2019 2:53 PM on Latest, Stock Market,

Janata Capital has been appointed as the issue manager of Himalayan Hydro Power Limited. Himalayan Hydro will be issuing shares worth Rs 22 crore 50 lakhs at Rs 100 per share. The total units to be issued is 22lakh 50 thousand units. Among the issued units, 9 lakh units shares will be issued to project affected inhabitants in the area of project. Himalayan Hydro targets the electricity production to be started by the upcoming Dashain.

The agreement between Janata Capital and Himalayan Hydro was signed by Mr. Shiva Krishna Shrestha and Mr. Bishwa Subedi.

Janata Capital Limited has been just established as a subsidiary under Janata Bank Limited. The young capital also plans to introduce Portfolio Management Service.