Nepal Breaking NewsNepal Stock ExchangeMadhya Bhotekoshi Hydropower's Initial Public Offering (IPO) has been halted

Madhya Bhotekoshi Hydropower’s Initial Public Offering (IPO) has been halted

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Madhya Bhotekoshi Hydropower Limited’s initial public offering, which had been available locals to buy since Tuesday, has been postponed. The company was issuing 60 lakh shares to locals and residents of Sindhupalchowk who were affected by the project.

Locals were given the option of online to the of COVID-19. Locals could apply at various bank and financial institution branch offices in Sindhupalchowk , as well as at the websites of seven merchant bankers in the Kathmandu Valley.

The issue manager, IME Capital, and the company, however, have issued a joint statement stating that the will be postponed until the COVID situation improves.

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