Trending

Prev Story Next Story #2903 Technology 2 views

ABP Energy Appoints Siddhartha Capital as IPO Issue Manager

December 15, 2016 • 10:55 AM

2 reads 0 reactions

|| ShareSansar || ABP Energy Limited has signed an agreement with Siddhartha Capital Limited for the management of its proposed initial public offering (IPO). ABP Energy Chairman Purna Lal Shrestha and Siddhartha Capi...

ABP Energy Appoints Siddhartha Capital as IPO Issue Manager

ABP Energy Limited has signed an agreement with Siddhartha Capital Limited for the management of its proposed initial public offering (IPO).

ABP Energy Chairman Purna Lal Shrestha and Siddhartha Capital CEO Sandeep Karki signed the agreement on behalf of their respective companies.

Siddhartha Capital will serve as the issue and sales manager for the IPO, subject to regulatory approvals.

The company is developing the 8 MW Tadi Ghyangphedi Hydropower Project in Dupcheshwor Rural Municipality-1, Nuwakot. The run-of-river project has a total estimated cost of Rs 1.64 billion, with Siddhartha Bank providing Rs 1.23 billion in loans.

Tags:

#abp

#ipo

#siddhartha

Original Source

Prev Swipe Story Next

Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications

CNBC World

12h ago

The AI trade faces big tests next week, starting with Nvidia earnings and capped by Anthropic IPO

There are two potential catalysts next week that could either revive or help snuff out the tech recovery.

#ipo

Compare →

The Australian Financial Review (AFR)

15h ago

‘This is the big one’: Fundies have their say on Anthropic IPO

The company’s blockbuster float will be a pivotal test for the AI trade. Eight top fund managers deliver their verdict on what could be the biggest IPO so far.

#ipo

Compare →

The Next Web (TNW)

18h ago

Nscale’s IPO filing shows $5.5bn of debt and a bigger bet on Nvidia

Nscale’s IPO filing shows $5.5bn in debt. “We will require additional capital to fund our business,” the Anthropic supplier wrote.

#ipo

Compare →

TechCrunch

3d ago

All 7 Anthropic founders will each cash out about $250M in IPO | TechCrunch

Each of the seven co-founders plans to sell exactly the same number of shares in the IPO, which would bring each of them about $250 million in cash at the midpoint of the price range while leaving the group in control of the company.

#ipo

Compare →

The Verge

3d ago

Anthropic targets $1.4 trillion IPO

Anthropic’s public offering is expected to make it one of the world’s most valuable publicly traded companies as soon as next week.

#ipo

Compare →

CNN International

3d ago

We’ve never seen anything like the Anthropic IPO | CNN Business

Anthropic’s debut on public markets will be unlike any that’s come before it, in ways that amount to either a once-in-a-generation opportunity — or a massive financial gamble, depending on whom you ask.

#ipo

Compare →