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Date:Saturday, November 01, 2014Time:10:16:04
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Chilime to provide shares to affected VDCs
03, Jun 2009

Chilime Hydropower Company has decided to provide 2,15,200 shares to the three VDCs of Rasuwa district which are influenced by the operation of the company.

Chilime has announced to issue 23,00,000 shares in public at premium of 223.70 and out of these, 2,15,200 shares are to be distributed to Chilime, Goljung and Syafru VDCs. Securities Board of Nepal had recently approved to issue the shares of Chilime to public at Rs. 323.70. "IPO of Chilime will be issued in the first week of Ashad month (Mid June) said," Lilanath Bhattarai, Managing director of the company.

Chilime which was established with the national investment and capital (no international funds) has total capacity of producing 20MW electricity. The market price of company is around Rs 1200 at present.
Source:
Jamb News Service

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