Arun Valley Hydropower IPO Share Allotment Result published!!!

[Nepse]

The general shares of Arun Valley Hydropower Company Ltd. have been
allotted today on 14th August 2009 (2066 Shrawan 30). To check your
allotment, and to download please go to http://www.nepsenews.com/

Arun Valley Hydropower Company’s primary issue had been oversubscribed
by over 21 per cent to Rs 2 billion. Arun Valley Hydropower Company
Ltd. had issued total 515000 no. of shares as initial public offering
from 23rd June 2009 (2066 Ashad 9).

NMB Bank is the sales and issue manager for Arun Valley’s primary
issue while the issue and sales managers of Chilime’s primary issue
are NIDC Capital Market and Citizen Investment Trust (CIT).

Arun Valley — established in 1997 aims to develop, build, own and
operate hydropower projects and has formed joint ventures with
companies to build medium and large hydropower projects and develop
entrepreneurship for the promotion of the hydropower sector’s
currently-owned Piluwakhola Hydro Project (3MW).