Kaveli Energy issuing IPO to public

Kaveli Energy Limited is going to proceed with the process of issuing shares to the general public (IPO). For this, the company has convened its 15th Annual General Meeting. The meeting of the board of directors held on 7th Baisakh decided to call a general meeting on 3rd June at 1 pm on the second floor of the trade tower at Thapathali. According to the special resolution to be presented in the general meeting, the company will issue an IPO to raise the necessary capital for the under-construction Kaveli-A hydropower project. For this, the board of directors will be authorized to make necessary amendments to the company's charter and regulations.

Likewise, the assembly will pass the annual report of the previous financial year and the financial statements along with the auditor's report. In addition, the appointment of the auditor for the current financial year and determining his remuneration will also be decided by the meeting. This step of the company is expected to speed up the construction of Kaveli-A hydropower project and also provide new opportunities to investors.