Moonlight Hydropower Company appoints Jyoti Capital as share underwriter for forthcoming public issue

KATHMANDU: Moonlight Hydropower Company has appointed Jyoti Capital as the share underwriter for its forthcoming public share issue of 9,241,426 ordinary shares, with the total underwriting commitment amounting to Rs 924,142,600.

The shares intended for the general public carry a face value of Rs 100 each. Bikash Dhakal, Chief Executive Officer of Jyoti Capital, and Kalyan Bikram Neopane, Chairman of the Board of Directors for Moonlight Hydropower Company, signed the agreement during a ceremony in Kathmandu on Tuesday on behalf of their respective organisations.

Jyoti Capital is a subsidiary of Jyoti Bikash Bank and operates with a paid-up capital of Rs 210 million. The firm holds permission from the Securities Board of Nepal (SEBON) to function as a merchant banker. Its portfolio of services includes the management of securities issues and sales, investment management, corporate advisory, securities underwriting, and share registrar services, operating with the aspiration of becoming a companion in the prosperity of every customer.