Kathmandu. People’s Energy Limited is issuing 66,00,000 units of Ordinary Shares (IPO) to the general public at the face value of Rs 100 per share. Jyoti Capital Limited has guaranteed Rs 66 crore. On Monday, the company and People’s Energy Company signed an agreement to guarantee their shares.
Mr. Bikash Dhakal, Chief Executive Officer of Jyoti Capital Limited and Mr. Janardan Aryal, General Manager of People’s Energy Limited signed the agreement amidst a program organized at Gazette Office, Kamalpokhari, Kathmandu.
Jyoti Capital, a subsidiary of Jyoti Bikas Bank, has a paid-up capital of Rs 21 crore. Jyoti Capital, which aspires to be a partner in the prosperity of every clientele, has been providing the services related to issue and issue manager, investment management, corporate consultation, securities underwriting and share registrar by getting permission from Securities Board of Nepal to work as a merchant banker.
