6th July 2025, Kathmandu
Machhapuchchhre Capital Limited and Upper Syange Hydropower Limited have signed an agreement to provide comprehensive share registrar services related to securities transactions. The agreement was signed today, on Ashad 22, 2082 BS (July 6, 2025).
Machhapuchchhre Capital Share Services
During the signing ceremony, Upendra Malakar, Chief Executive Officer of Machhapuchchhre Capital Limited, and Bir Bahadur Ghale, Managing Director of Upper Syange Hydropower Limited, signed the agreement on behalf of their respective companies.
As per the agreement, Machhapuchchhre Capital Limited will now handle all share registrar services for Upper Syange Hydropower Limited. These services include record-keeping of securities transactions, share transfers, pledging and unpledging of shares, updating shareholder information, and more.
Machhapuchchhre Capital Limited is a subsidiary of Machhapuchchhre Bank Limited. Established as a public limited company and licensed as a merchant banker by the Securities Board of Nepal (SEBON), the company provides services such as securities underwriting, investment management, institutional advisory, depository participant services, issue and sales management, share registrar services, and mutual fund management.
About Machhapuchchhre Capital
Machhapuchchhre Capital Limited (MCL) is a leading merchant banker in Nepal. It operates as a subsidiary of Machhapuchchhre Bank Limited. MCL offers various financial services, including share registry, portfolio management, underwriting, and mutual fund services. It helps companies with IPOs and capital raising. The firm provides investment advisory and manages institutional portfolios. MCL also offers digital tools like EMI and SIP calculators for investors.
The company conducts market research to provide valuable insights. These reports help clients make informed decisions. MCL aims to be Nepal’s top capital market service provider. It focuses on integrity, client satisfaction, and transparency.
Machhapuchchhre Bank supports MCL with strong infrastructure and regulatory backing. The bank has over 180 branches nationwide. MCL serves a wide range of clients, including investors, businesses, and financial institutions. For more information, MCL can be contacted via their Kathmandu office or online.
About Upper Syange Hydropower
Upper Syange Hydropower Limited (USHL) is a public limited company established in 2008 in Nepal. The company is registered with the Office of the Company Registrar under registration number 166426. It is based in Chandol, Kathmandu. The project was initiated by a small team led by Mr. Bir Bahadur Ghale, who conducted the feasibility study and secured the Power Purchase Agreement with Nepal Electricity Authority. Later, more investors joined to expand the project.
USHL operates the Upper Syange Khola Small Hydropower Project, a 2.4 MW run-of-river plant located in the Annapurna Conservation Area, Lamjung district. The generated power is transmitted through a 33 kV line to the Khudi Substation.
In June 2023, USHL issued 539,500 IPO shares, raising NPR 5.39 crore. The issue was oversubscribed by 23.7 times, showing strong investor support. The company’s paid-up capital increased to NPR 22 crore after the IPO. The plant began power generation testing in late 2021 and is expected to produce 14.616 GWh annually.
For more:- Machhapuchchhre Capital Share Services