MOU signed between Sanima Capital and Panchthar Power Company Limited
Panchthar PowerCompany Limited is issuing 20,00,000 units of Ordinary Shares to Locals andgeneral public for which it has signed the Memorandum of Understanding (MoU) withSanima Capital Limited on 2074-07-01.
Mr. ManishNarayan Joshi (CEO of Sanima Capital) and Mr. Pushpa Jyoti Dhungana (MD of Panchthar Power Company Limited) signedthe agreement for the public issuance of the IPO shares both to the locals ofproject affected area and general public. The company currently has the paid upcapital of Rs. 76 Crore and will be issuing 10,00,000 units of ordinary shares tothe Locals and 10,00,000 units ofordinary shares to the General Public. The paid up capital after the issuanceof IPO will be Rs. 96 crore. Panchthar Power Company Limited is currently running14.9 Megawatt Hewa Khola ‘A’ Hydropower Project located in Panchthar district. Theproject has started its commercial production and sale of power from2073/10/22.