Singati Hydro Energy has chosen Kumari Capital as the issue manager to handle the issuance of right shares to its existing shareholders. According to the company’s announcement, they plan to float their shares in a 1:1 ratio, totaling 1.45 crore unit shares. The memorandum of understanding (MoU) was signed between Singati Hydro Energy’s Managing Director, Mr. Sudeep Khadka, and Kumari Capital’s Acting CEO, Mr. Puspa Sharma. The funds raised through the right issue will be utilized for the development of the 21.5 MW Sabhakhola B and 6.3 MW Sabhakhola C projects, as well as the 7.5 MW Hewa A San hydropower project, as stated in the media statement.
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