NIBL Ace appointed issue manager

Kathmandu, October 2

NIBL Ace Capital has been appointed the issue manager by Terhathum Power Co Ltd.

The company will be issuing 1.2 million units of shares, out of which 400,000 units will be issued to locals and 800,000 units to general public. Mohan Kumar Dangi, managing director of Terhathum Power Co, and Mekh Bahadur Thapa, general manager of NIBL Ace Capital, have signed the agreement, as per a media release.

Terhathum Power Co is building a hydro project in Upper Khorunga Khola with capacity of 7.5 MW.

The company has an authorised capital/issued capital of Rs 400 million and paid-up capital of Rs 280 million. After the issuance of IPO, its paid-up capital will reach Rs 400 million.

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