Kathmandu. Yambaling Hydropower Limited has opened its initial public offering (IPO) from today to the affected locals and the Nepali migrant workers abroad. Out of the total offered shares, the company has set aside 40% of the total offered shares to the locals and 2,10,000 units to the locals.
Locals of Jugal Rural Municipality of Sindhupalchowk Residents from 1 to 7 can apply. Applications can be place for minimum 10 units, maximum 7,000 units for local employees and 21,000 units for foreign employment.
The IPO will be open for locals at the earliest and till April 22 at the latest, while the application for foreign employment can be done till April 22. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.
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