Banking news . Super Madi Hydropower Company Limited has appointed Prabhu Capital Limited on a share guarantee to carry out the initial public offering of 31,50,000 shares to the public. An agreement was reached regarding the appointment. The agreement has been signed by Executive Chairman Pushpa Jyoti Dhungana on behalf of Super Madi Hydropower Company Limited and Managing Director Dinesh Thakaliju on behalf of Prabhu Capital Limited.
The company is constructing a 44 MW hydropower project on Madi river in Kaski district. Mr. Pushpa Jyoti Dhungana, Executive Chairman of the company informed that 80 percent of the physical work of the company has been completed so far and the company has submitted an application to the Electricity Regulatory Commission for permission to issue shares.