Mabilung Hydropower appoints Laxmi Capital as issue manager

KATHMANDU:Mabilung Energy Limited will issue shares to the general public. Laxmi Capital Market Limited has been appointed as the company's share issue and sales manager.

Mabilung Energy would issue Rs 189 million 54 thousand shares with a face value of Rs 100.

Rajeev Sapkota, Chief Executive Officer of Laxmi Capital, and Devin Shrestha, Director of Mabilung signed the agreement letter.

Mabilung Energy is building the 4.95 MW Upper Piluwa Khola 3 Hydroelectric Project in the Sankhuwasabha District's Chainpur Madi Municipality. Half of the project has been finished.