Upper Solu Hydro Electric Company Limited (USHEC) has extended its deadline for its IPO issue for 13,50,000 units shares for project-affected locals of Solukhumbu District (Dudhkunda Municipality) today.

The company has been issuing a total of 13,50,000 units of shares i.e., 10% of the total issued capital at a par value of Rs. 100 per share from 22nd Baisakh and was supposed to conclude today i.e, 5th Jestha, 2079. However, the deadline has been extended till Jestha 20 as the issue is not subscribed fully. The interested locals can place their applications for a minimum of 10 units and a maximum of 1,00,000 units.

NMB Capital is appointed as the issue manager for the IPO issuance.

ICRA Nepal has reaffirmed an…


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