Solu Hydropower Limited Closing IPO Shares to Project-Affected Locals of Solukhumbu From Today
Summary
Solu Hydropower Limited closes its IPO shares allocation for project-affected locals of Solukhumbu district starting 21st Mangsir, 2082, offering 1 crore shares worth Rs. 1 Arba. The company operates the 82 MW Lower Solu Hydroelectric Project and is managed by major Nepalese business groups.
Key Points
- Solu Hydropower Limited is closing the IPO share issue to project-affected locals of Solukhumbu District on 21st Mangsir, 2082.
- The company’s issued capital is Rs. 10 Arba, with 20% (2 crore shares) issued to the public.
- Out of this, 10% (1 crore shares) are allocated to project-affected Solukhumbu locals, and another 10% will be offered to the general public later.
- Solu Hydropower operates the 82 MW Lower Solu Hydroelectric Project in Solukhumbu district with major Nepalese promoters and shareholders.
