Stories Tagged 'Hydropower companies'
A number of hydropower companies were found to be issuing initial public offerings without taking prior approval from Securities Board of Nepal (Sebon), the sector’s regulator. This is in violation of Securities Act 2007.
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Twenty companies are waiting for the go-ahead from the Securities Board of Nepal (Sebon) to issue 52 million primary shares worth more than Rs3.5 billion. They include 16 hydropower companies, two development banks, one commercial bank and one insurance company, said Sebon.
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Seven hydropower companies and four financial institutions are in the process of issuing primary shares, the Securities Board of Nepal (Sebon) said.
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