Prabhu Capital appointed on ensure of stocks of Tremendous Madi Hydropower

Prabhu Capital appointed on guarantee of shares of Super Madi Hydropower

November 13, 2078 17:36 VikasNews

Kathmandu. Super Madi Hydropower Company has appointed Prabhu Capital as its share guarantor.

The company has appointed Prabhu Capital as a share guarantor to carry out the initial public offering of 3.15 million shares to the public.

An agreement was reached between the company and Capital on Sunday. The agreement was signed by Executive Chairman Pushpa Jyoti Dhungana on behalf of Super Madi Hydropower Company and Managing Director Dinesh Thakali on behalf of Prabhu Capital.

The company is constructing a 44 MW capacity hydropower project on Madi river in Kaski district. Dhungana, executive chairman of the company, said that 80 percent of the company’s physical work has been completed so far and the company has already submitted an application to the Electricity Regulatory Commission for permission to issue shares.


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