BIZ BRIEFS
KATHMANDU: Laxmi Capital Market Ltd has entered into an agreement with Mabilung Energy Pvt Ltd regarding issuance and management of sale of 1.89 million ordinary shares of the latter worth Rs 189.05 million at a nominal price of Rs 100 per unit to be sold to the general public.
The agreement was signed by Chief Executive of Laxmi Capital Rajeev Sapkota and Mabilung Energy's Director Devin Shrestha on behalf of their respective organisations, as per a press release.
Mabilung Energy has completed 50 per cent of construction of 4.95 MW Upper Piluwa Khola 3 Hydropower Project in Chainpur Madi Municipality of Sankhuwasabha district.
A version of this article appears in the print on April 21, 2023, of The Himalayan Times.
