Kathmandu. Jyoti Capital Limited will guarantee 92,41,426 units of ordinary shares to be issued to the general public.

The total value of the shares is Rs 92,41,42,600 at the rate of Rs 100 per share. The agreement for share guarantee was signed between Moonlight Hydropower and Jyoti Capital.

Mr. Bikash Dhakal, CEO of Jyoti Capital and Mr. Kalyan Bikram Neupane, Chairman of Board of Directors of Moonlight Hydropower signed the agreement on behalf of their respective organizations.

As per the agreement, Jyoti Capital will guarantee the IPO issuance to the general public.

Jyoti Capital, a subsidiary of Jyoti Bikas Bank, has a paid-up capital of Rs 21 crore. The company has obtained permission from the Securities Board of Nepal (SEBON) to conduct merchant banking transactions and provides services such as issue manager, investment management, institutional consulting, securities underwriting and share registrar.