KATHMANDU, May 21: The Civil Aviation Authority of Nepal (CAAN) has grounded all flights of Prabhu Helicopter and Sobit Gauchan, a senior captain of the company, for conducting an unauthorized flight from Kathmandu to Camp-2 under the Mount Everest region.

KATHMANDU, Dec 25: Prabhu Helicopter Limited is going to issue an IPO worth Rs 66 million. The company has appointed Muktinath Capital Limited as the sales manager to sell the shares to the general public. According to the company, 666,000 units of shares worth Rs 66 million will be issued at the rate of Rs 100 per share.