Sanjen Hydropower Appoints CIT as Issue Manager

May 19: Sanjen Hydropower Company has appointed an issue manager for its upcoming share issuance.  Sanjen appointed Citizens’ Investment Trust (CIT) as a lead issue manager to be supported by five other companies as assisting issue managers.

CIT signed an agreement with NCM Merchant Banking, Civil Capital Market, Prabhu Capital, NMB Capital and Global IME Capital regarding the share issuance on May 18.

Ram Krishna Pokharel, Executive Director of CIT, Bijay Lal Shrestha, Managing Director of NCM, Parag Bista, CEO of Civil, Shanker Prasad Kalikota, General Manager of Prabhu Capital, Srijesh Ghimire, CEO of NMB Capital and Paras Mani Dhakal, CEO of Global IME Capital signed the agreement amid a program.

“The agreement was carried out to issue shares of first phase. Under this, group ‘C’ shares allocated to employees of creditors’ company, promoter shares to employees, group ‘D’ shares allocated to depositors of Employees Provident Fund (EPF)totaling 8,760,000 units of shares will be issued,” said Udhav Silwal, Information Officer of CIT.