Jyoti Capital Appointed Underwriter for Moonlight Hydropower’s Rs. 924.14 Million Public Shares
Moonlight Hydropower has appointed Jyoti Capital as the underwriter for 9,241,426 ordinary shares worth Rs. 924.14 million to be issued to the general public.
Moonlight Hydropower Company Limited has appointed Jyoti Capital Limited as the underwriter for the 9,241,426 ordinary shares it plans to issue to the general public.
The shares will have a face value of Rs. 100 per share, making the total issue value Rs. 924.14 million. An agreement for underwriting the proposed public shares has been signed between Moonlight Hydropower and Jyoti Capital.
At a ceremony held in Kathmandu, Jyoti Capital Chief Executive Officer Bikash Dhakal and Moonlight Hydropower Chairman Kalyan Bikram Neupane signed the share underwriting agreement on behalf of their respective companies.
Jyoti Capital operates as a subsidiary of a bank and has a paid-up capital of Rs. 210 million.
The company is licensed by the Securities Board of Nepal to operate as a merchant banker and provides services including securities issuance and sales management, investment management, institutional consultancy, securities underwriting and share registrar services.