Posted inDividend “Singati Hydro Energy Taps Kumari Capital as Issue Manager for 100% Right Share Offering; 1.45 Crore Unit Shares to be Floated” Posted by By Mero Share July 9, 2023No Comments 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. Share via: Facebook X (Twitter) LinkedIn More Topics Covered in this post: Economy | nepse | visa | Issue | right | nepali bazar | Economics | Provision | Singati | value Also Read: Gold is currently trading at Rs 102,500, having lost Rs 500 per tola today. Gold Prices Surge by Rs. 700 Per Tola in Nepali Market “Government Permits 60% of Local-Level Funds as Bank Deposits” Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors Which hydro project do you guys think that will be next big thing in the future ? And please explain why too. Nepal Declares Public Holidays for Christmas, Udhauli Parva, and Yomari Punhi, Embracing Cultural Diversity Mero Share Mero Share is one of the oldest 'Money and Finance' portal of Nepal. We've been live for over 20 years. We are have now transformed ourselves as a blog site. View All Posts Post navigation Previous Post “NEPSE Starts the Week Strong with 1.38% Gain; All Sectors Close in the Green”Next PostSynergy Power Development Company (SPDL) Announces Book Closure Date for 50% Rights Offering