Nepal Breaking NewsNepal Stock ExchangeMadhya Bhotekoshi will issue 15 million shares, while CEDB will issue 2.5...

Madhya Bhotekoshi will issue 15 million shares, while CEDB will issue 2.5 million as IPO

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Madhyabhotekoshi Company and CEDB Hydropower Development Company Limited got permission to issue IPO.

The Nepal Securities Board has given permission to Madhyabhotekoshi Hydropower Company to issue 1.5 crore IPOs worth Rs 1.5 billion.

The company plans to use an initial public offering (IPO) to raise 25% of its overall paid-up . The sales and share issuer has been appointed as Global IME Capital Limited.

CEDB Hydropower Development Company Limited, meanwhile, has received approval to issue 2.518 million IPO shares. The company has been given approval to launch an initial public offering (IPO) worth Rs 839.41 million.

The business is planning an initial public offering (IPO) to 30 percent of its paid-up capital. Capital Limited has been appointed the company’s sales manager and share issuer.c

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