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    Nepal Stock ExchangeIPO | FPO NewsLower Irkhuwakhola Hydropower has appointed Muktinath Capital as the issue manager for...

    Lower Irkhuwakhola Hydropower has appointed Muktinath Capital as the issue manager for its first public offering (IPO) of 21 lakh unit shares.

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    In with the issuance of 7 lakh unit shares project affected locals and 4 lakh unit shares the general public, Lower Irkhuwakhola Hydropower Company Limited, a 13-megawatt hydropower project in Bhojpur district, has appointed Muktinath Capital as the issue manager for the issuance of 14 lakh unit shares to the general public.

    In the midst of a programme, Mr. Bisweswor Subedi, the managing director of the hydro developer, and Mr. Kabindra Dhoj Joshi, the CEO of the banker, signed the deal.

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    According a press release, the hydropower firm is now working on a significant portion of the building work and hopes to commence commercial electricity generation as soon as possible.


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