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
What is the foreign currency exchange rate on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 70 paisa and the selling rate ha...
Meter-busting victims who walked to Kathmandu stopped at Nijgarh, efforts to reach agreement continue
Twelve. The third phase of the walk march started from Tirhutia Gachi in Janakpurdham by the farmers and labor movement Nepal against meter interest has entered the eighth day today. On the fifth day of the journey, the protestors, who were on the...
What are the foreign currency exchange rates for today?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 06 paisa and the selling rate is 146 rupees 66 paisa. Similarly...
The World Bank will give 50 million dollars for Nepal's digital transformation
Kathmandu. The World Bank is going to give 50 million dollars for Nepal's digital transformation. Recently, the Executive Board of Directors of the World Bank, sitting in Washington, has decided to give this support to Nepal under the 'Nepal Digit...
The government has recovered Rs 7,514 crore, more than Rs 5 billion has been deposited in the relief fund.
The Kathmandu. Prime Minister Balen Shah has unveiled the integrated progress report of the government's rescue, relief and rehabilitation work following the devastating flood in the Bhotekoshi River in Rasuwa. In a statement issued in the wake of...
Cash transaction limit of 5 lakhs maintained, 10 lakhs system abolished
Kathmandu. Nepal Rastra Bank has implemented a system where cash cannot be withdrawn by exchanging checks worth more than 5 lakh rupees. The Central Bank has made it compulsory to have an account payable when issuing checks above 5 lakhs. The limi...