Himalayan Hydro Power appoints Janata Capital as IPO issue manager

Janata Capital has been appointed as the issue manager of Himalayan Hydro Power Limited on June 4. Himalayan Hydro will be issuing shares worth Rs. 22 crores 50 lakhs at Rs. 100 per share. The total units to be issued are 22,50,000 units. Among the issued units, 900,000 unit shares will be issued to project affected inhabitants in the area of project. Himalayan Hydro targets electricity production to start by Dashain. The agreement between Janata Capital and Himalayan Hydro was signed by Shiva Krishna Shrestha and Bishwa Subedi. Janata Capital Limited has been just established as a subsidiary under Janata Bank Limited. The young capital also plans to introduce Portfolio Management Services.