Solu Hydropower IPO to issue from today
-
Media Baaji
- Sun, 23 November 2025
Kathmandu. Solu Hydropower Limited has issued an initial public issue IPO for the local residents of the project-affected areas and Nepali workers who are employed abroad from today on November 7th. The company was allowed to issue 20 percent of the issued capital of 10 billion rupees, i.e. 20 million shares worth 2 billion rupees. Out of which, 1 crore ordinary shares worth Rs 1 billion at Rs 100 per share have been issued targeting the local residents of the project affected areas.
For the IPO, it has been arranged that the application can be made for a minimum of 10 shares and a maximum of 1 lakh shares. The application period for the local residents of the project-affected areas will last until November 21st at the earliest and until January 7th at the latest. For Nepalese who are employed abroad, the earliest date for applying is 10th November and the latest is 21st November.
According to the company, based on the environmental impact assessment report on the project affected, 40 million shares will be distributed to the residents of Solu Dudhkunda Municipality-7 and 11 and Thulung Dudhkoshi Rural Municipality-1 and 60 million shares will be distributed to the local residents of other affected wards.
Related News
Nirmal Dhakal has been appointed as the head of the Asset Clearance Department
Kathmandu. Joint Secretary Nirmal Dhakal has been appointed as Director General of Asset Laundering Investigation Department. He was made the director general who was working as the deputy director general of the department.
The previous Dir...
Friday's exchange rate: Kuwaiti dinar is the most expensive, which currency is worth?
Kathmandu. Nepal Rastra Bank has announced the new exchange rate of foreign currency for Friday, February 8. According to the new rate set by the bank, the price of the US dollar has increased today and the buying rate of one dollar has remained a...
Foreign Currency Exchange Rate: Selling rate of US dollar remained at 152 rupees 94 paise
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the latest information published by the Central Bank, the buying rate of one US dollar, which is becoming stronger in the internatio...
Orange sales worth 269 million this year in Baglung
Dhorpatan. This year, Baglung has produced oranges worth Rs. 269 million. With the increase in the interest of farmers towards orange cultivation, the production has increased. Compared to last year, oranges worth Rs 44 lakh more have been produce...
Collected more than 11 billion in Prime Minister's Disaster Fund
Kathmandu. Relief and financial support for the flood victims of Rasuwa is increasing. According to the Office of the Prime Minister and Council of Ministers, there is currently 11.55 billion 56 lakh 26 thousand 971 in the Prime Minister's Disaste...
Now 100 rupee notes will be available from ATMs
Kathmandu. Nepal Rastra Bank has asked banks and financial institutions to make arrangements to distribute Rs 100 and Rs 100 notes along with Rs 1,000 and Rs 500 notes from the ATMs of banks and financial institutions.
The National Bank thro...