Aarati Power Company Limited Appoints Global IME Capital Limited as Manager for Public Share Issuance

Aarati Power Company Limited has appointed Global IME Capital Limited as the issue manager for its public issue of 36,00,000 ordinary shares, priced at Rs. 100 each.

A bilateral agreement was signed between the company and Global IME Capital on Bhadra 6, 2081. Aarati Power Company, initially registered as a private entity in 2072 and converted to a public company in 2080, has a total capital of Rs. 1.40 billion.

The company is developing the Upper Irkhuwa Hydropower Project in Bhojpur District, Koshi Province, with plans to connect it to the national transmission line soon. The project involves investments from experienced individuals across various sectors, including hydropower.