Maya Khola's IPO sale open from today

KATHMANDU, Jan. 27: Maya Khola Hydropower Company has opened the sale of ordinary shares (IPO) today. The company has opened the IPO sale to local and foreign workers in the project-affected areas. 
Hydropower will sell 34 percent of its issued capital of 1 billion ordinary shares. Shares of 34 crores, marked at Rs 100 per share, will be sold to locals, foreign workers, general public, collective investment funds, and employees.
Out of which, 10 lakh shares have been allocated for the project affected in the local area. Likewise, 240,000 shares have been allotted to those who have gone for foreign employment. In addition, 120,000 shares have been set aside for collective investment funds and 42,000 shares for the employees. 
The general public can apply for the remaining 1.9 million shares worth 19 million rupees. The company will open the sale to the general public after distribution to local and foreign workers.