Solu Hydropower will issue IPO from November 7th
-
Media Baaji
- Fri, 14 November 2025
Kathmandu. Solu Hydropower Limited is going to issue the first phase of IPO for the local residents affected by the project and the Nepalese who have gone for foreign employment from the coming 7th of November. The company has received permission from the Nepal Securities Board on November 24 to issue a total of 20 million IPO shares at a rate of Rs 100 per share. Out of which, in the first phase, 10 million shares are going to be issued to project affected people and 1 million shares to Nepalis who have gone for foreign employment.
Out of the 10 million units allotted to the project affected people, 4 million units have been allotted to the residents of Solu Dudhkunda Municipality Ward No. 7 and 11 of Solukhumbu and Thulung Dudhkoshi Rural Municipality Ward No. 10, and 600 million units have been allocated to the residents of Salu Dudhkunda Municipality and other wards of Thulung Dudhkoshi Rural Municipality apart from the affected area 9.
While applying for the first phase of IPO, it has been arranged that the application should be made for a minimum of 10 shares, while the application can be made for a maximum of 1 lakh shares. Nepalese who are employed abroad should apply by November 10th and those affected by the project by November 21st. However, if the application is not received as per the demand, the period of foreign employment may be extended till November 21st and project affected till January 7th.
Express
Related News
Resumption of interest subsidy on subsidized loans, payment of Rs. 10.58 billion by Rashtra Bank
Kathmandu. Nepal Rastra Bank has paid 10.58 billion rupees to 50 banks and financial institutions for concessional loan interest subsidy. The government has resumed the payment of the subsidy, which was stopped due to the abuse of concessional loa...
Across the country, 55 percent of farming families are food insecure
Kathmandu. It has been found that the number of farmer families in Nepal is about 41 lakh 30 thousand and the number of farmer families who do not have enough to eat throughout the year is about 55 percent. Although th...
NEPSE closed with an increase in normal numbers, turnover of 3 billion 49 crores
Kathmandu. On the last trading day of the week, the NEPSE index increased by 1.13 points to 2545.73. During the day, 76 lakh 5 thousand 584 shares of 329 companies were bought and sold, with a turnover of 3.49 bi...
Kimathanka Arun hydropower project will be built with indigenous capital, investment modality decided
Kathmandu. The investment modality has been decided to build the Kimathanka Arun semi-reservoir hydropower project with a capacity of 454 MW identified in Bhotkhola rural municipality-2 of Sankhuwasabha with indigenous capital. The estimated cost...
Nepal's emphasis on strengthening the United Nations development system
Kathmandu. Nepal has emphasized on the need to strengthen the United Nations development system. Nepal is of the opinion that it is necessary to do so to ensure multilateralism. Lok Bahadur Thapa, Permanent Representative of Nepal to the United Na...
Three billion worth of electric vehicles entered in 9 months through the Birganj border crossing
Parsa. In the nine months of the current financial year, electric vehicles worth 2.98 billion rupees have been imported through the Birganj route. Compared to the same period of the last financial year, electric vehicles have been imported by 102...