# CP Khetan, director of Khetan Group, one of the biggest businesses houses of the country, has been appointed Honorary Consul General of Turkey in Nepal. The position had fallen vacant after CP’s father late Mohan Gopal Khetan passed way recently. Among the other major positions held by CP are the Secretary General of Nepal India Chamber of Commerce and Industry (NICCI) and Managing Director of Gorkha Brewery (P) Ltd.
# Nepal Electricity Authority has issued 1.5 million units of debentures with face value Rs. 1000 each to finance development of Marshyangdi, Chamelia, Kulekhani and other hydropower projects. The debentures issued against the security of 4896 thousand units of shares NEA holds in Chilime Hydropower Company Ltd. will mature in five years and carry a 7% annual rate of interest to be paid out every six months. Nepal Merchant Banking and Finance Company is the manager and trustee of the issue.
# The government’s programme to divest 10 percent of the shares of it holds in Nepal Telecom is drawing enthusiastic participation, says Citizens Investment Trust that is managing the sales of these shares. According to the Trust, about 150,000 applications are expected to be filed by February 26, the last day for the submission of the applications.
Nepal Telecom has a paid up capital of Rs. 15 billion out of which 10 percent is being divested.
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