Radhi Bidyut Company Limited has announced its plan to sell over 1.64 million promoter shares of Dordi Khola Jalvidhyut Company Limited, a company in which it holds a major stake. According to an official notice, Radhi Bidyut will offload exactly 1,644,888 shares in the secondary market at the prevailing market rate.
This decision comes just ahead of the expiry of the mandatory three-year lock-in period for promoter shares, which ends on Ashad 7, 2082 (June 21, 2025). As per the current legal provisions, these shares can only be sold after the lock-in period concludes, which means the actual sale will take place after that date. However, the company has already made its intention public in preparation for the sale.
As of the latest trading session on Thursday, shares of Dordi Khola Hydropower were priced at NPR 410.03 per unit, putting the total value of the shares being sold at over NPR 6.74 billion. This would mark one of the larger secondary market divestments in the hydropower sector in recent years.
The sale has raised curiosity and speculation among investors about the reasons behind the decision. While Radhi Bidyut has not explicitly disclosed its motive, financial analysts believe the company may be looking to capitalize on the current market value of Dordi Khola shares to secure significant capital gains. Another possible reason could be capital reallocation, as Radhi may be planning to invest the proceeds in new hydropower projects or diversify its investment portfolio. The sale may also reflect a strategic move to balance assets or reduce concentration in one project.
Dordi Khola Jalvidhyut Company Limited is a publicly listed hydropower developer in Nepal with a 10-megawatt project in commercial operation. The company is listed on the Nepal Stock Exchange (NEPSE) and has a mix of public and institutional shareholders. Radhi Bidyut’s stake is considered significant, and this sale could reduce its ownership percentage in Dordi Khola.
Market watchers are closely observing how this decision will impact the share price of Dordi Khola in the short term. The sudden increase in tradable shares—especially from the promoter category—may exert downward pressure on the stock price due to oversupply. On the other hand, the increased availability of shares could also improve liquidity and attract new investors who were previously unable to acquire shares in sufficient quantity.
This kind of promoter share divestment following a lock-in period is not unusual in Nepal’s hydropower sector, especially when projects reach operational stability and market value appreciation. However, investor reaction tends to vary depending on the scale of the sale and the perceived future prospects of the company involved.
Despite possible short-term volatility, financial experts advise investors not to panic. Instead, they recommend focusing on the fundamentals of Dordi Khola Hydropower, including its operational performance, financial health, and future growth potential. It will also be important to watch how Radhi Bidyut reinvests the proceeds from this sale—whether into new energy ventures or infrastructure development—which could offer insight into the company’s long-term strategic direction.
In conclusion, Radhi Bidyut’s decision to sell its promoter shares in Dordi Khola Hydropower reflects a major financial strategy that may influence both companies’ trajectories and the broader hydropower market. While the full impact remains to be seen, the move marks a noteworthy shift in institutional behavior within Nepal’s growing energy sector.
