April 23, 2023 | Investopaper
Makar Jitumaya Suri Hydropower Company Limited has appointed Prabhu Capital Limited as the Registrar To Share (RTS). For this purpose, an agreement has been reached between the two companies. Himal Gurung, chairman of Makar Jitumaya Suri Hydropower Company and Ashish Gauchan, CEO of Prabhu Capital inked the agreement.
As per the agreement, the hydropower company will hand over all the share-related works (RTS) such as share issue, registration of shares, transfer of name, and others to Prabhu Capital Limited.
Prabhu Capital Limited is the subsidiary company of Prabhu Bank Limited. It is a licensed merchant banker from the Securities Board of Nepal. It provides various services such as Issue Management, Security Underwriting, Registrar to the Shares (RTS), Depositary Participant, and Portfolio Management Services.
Makar Jitumaya Suri Hydropower Company was formed after the successful merger of Makar Jitumaya Hydropower Pvt. Ltd. with Suri Khola Hydropower Ltd. on July 15, 2021. The company is currently developing two hydropower projects in Dolakha district- Suri Khola Hydropower Project (6.4 MW) and Upper Suri Hydropower Project (7 MW).