13th December 2024, Kathmandu
Raghuganga Hydropower Limited has announced plans to issue an Initial Public Offering (IPO). The hydropower company has called its 8th Annual General Meeting (AGM) to discuss and approve the proposal for the IPO.
Raghuganga Hydropower IPO public investment
Approval for IPO Proposal
The AGM will include a proposal to approve the issuance of the IPO for the general public. This move is expected to open up opportunities for public investment in the company, allowing individuals to become shareholders and participate in the company’s growth.
Other AGM Proposals
In addition to the IPO, the AGM will also discuss and approve the annual report for the previous fiscal year. The company will review its financial performance and other significant developments during the past year.
Furthermore, the AGM will propose the appointment of an auditor for the current fiscal year and determine their remuneration.
IPO and Financial Overview
The decision to issue the IPO comes as part of Raghuganga Hydropower’s broader efforts to raise capital for expanding its operations and financing future projects.
With the hydropower sector continuing to grow in Nepal, this move will likely attract significant interest from both retail and institutional investors.
Future Prospects
The issuance of an IPO will help Raghuganga Hydropower strengthen its financial position and support the development of its existing and new projects.
The hydropower company’s ongoing focus on growth, profitability, and sustainability will likely benefit from increased public participation through the IPO.
Company Overview
IPO Issuance: Approval to issue IPO to the general public
Annual Report: Discussion and approval of last year’s financial performance
Auditor Appointment: Appointment of auditors for the current fiscal year and determination of remuneration
This announcement marks a significant milestone for Raghuganga Hydropower as it prepares to engage with the public and expand its capital base for future development.
The IPO is expected to boost the company’s growth prospects while offering new investment opportunities to the public.
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