Tuesday , September 18 2018
Home / Commerce and Economy / Business and Corporate / MBHCL appoints Global IME as its issue manager

MBHCL appoints Global IME as its issue manager

image002Madhya Bhotekoshi Hydropower Company Ltd (MBHCL) has appointed Global IME Capital Ltd (GICL) as the issue manager to launch its primary issue.
Issuing a statement on Thursday, GICL said that it will work as the issue manager for the public offering of MBHCL. Prabhu Capital Ltd, Civil Capital Market Ltd, Ace Capital Ltd, CBIL Capital Ltd, Sanima Capital Ltd and Laxmi Capital Market Ltd are the co-issue managers of the offering.
According to the statement, out of the 49% of shares worth Rs 2.94 billion allocated for public, it will float 11.7 million unit shares to depositors of Employees Provident Fund, 2.1 million units to staff of the company and 600,000 million units to the staff of lenders in the first stage. Similarly, 6 million units of shares allocated for locals of project-hit areas will be offered in the second stage, while 9 million units will be floated to the general public in the third state, according to the statement.

Check Also

Mega Bank, Citizen Life Insurance ink agreement

By Our Reporter Mega Bank Nepal Ltd and Citizen Life Insurance Ltd have inked an …