Rising Hydropower Pvt. Ltd. has initiated the process to issue ordinary shares (IPO) and has appointed Muktinath Capital Limited as its institutional consultant.
As part of this initiative, a formal agreement has been signed between the two organizations. The agreement was signed by Shankar Bahadur Ghimire, Chairman of Rising Hydropower, and Kabindra Dhwaj Joshi, Chief Executive Officer of Muktinath Capital.
According to the agreement, Muktinath Capital will assist Rising Hydropower in restructuring its capital framework, facilitating activities as per the company’s Articles of Association, and providing advisory services related to the IPO issuance.
Rising Hydropower was established in 2006 (Bikram Sambat 2062, Falgun 22) and is recognized as a leading company in Nepal’s hydropower sector. It focuses on sustainable development and maximizing the use of domestic resources for energy production.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
