Upper Tamakoshi appoints NCM Merchant as its share registrar

Upper Tamakoshi Hydropower Limited (UTKHPL) has appointed NCM Merchant Banking Limited its share registrar . Bigyan Prasad Shrestha, Project Head of the Hydropower Company and Bijay Lal Shrestha, CEO of NCM Merchant Banking Limited signed an agreement on Ashad 30, 2073. The majority share (51%) of Upper Tamakoshi has been hold by four public entities, namely, Nepal Electricity Authority (NEA), Nepal Telecom (NTC), Citizen Investment Trust (CIT) and Rastriya Beema Sansthan (RBS). NEA has 41% stake, NTC has 6% and CIT & RBS each has 2% stake in the Company.