Universal Power Company Limited has decided to sell its 1,442,187 promoter shares of Rapti Hydro and General Construction Limited following the expiry of the lock-in period on Shrawan 8, 2082. The decision was made at the company’s board meeting held on Ashad 25.
Universal Power Company Limited plans to sell the promoter shares it owns in Rapti Hydro and General Construction Limited. The company’s board of directors, in a meeting held on Ashad 25, approved the sale of 1,442,187 shares of Rapti Hydro registered under Universal Power.
The company announced the share sale publicly in accordance with Section 11 of the Electricity-related Share Public Issuance Pre-approval and Regulatory Directive, 2078. The lock-in period for Rapti Hydro’s promoter shares is set to expire on Shrawan 8, 2082. After the lock-in period ends, Universal Power is preparing to proceed with the share sale process.
With the lock-in period lifted, Universal Power will move forward with selling its Rapti Hydro shares. Earlier, Radhi Hydropower Company had also announced its decision to sell shares of Rapti Hydro.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
