Dipendra Bahadur Saud, a fundamental shareholder of Mid Solu Hydropower Limited, has officially declared his plan to sell 1 lakh units of shares in the coming three months.
Details of the Share Sale
Mid Solu Hydropower Limited recently informed that Dipendra Bahadur Saud, who is one of the company’s fundamental shareholders, is selling some of his stake. He has already submitted a formal request to sell 1 lakh shares within a period of three months.
Regulatory Requirements
According to the rules of Nepal Securities Board, any fundamental shareholder who want to sell 5 percent or more of their total shares must inform the company at least 15 days in advance. Saud has followed this rule and provided his notice about the intention to sell his shares to the company.
About the Project
Mid Solu Hydropower is the company behind the 9.5 megawatt capacity Mid Solu Khola Hydropower Project. This project is located in Salleri, Solukhumbu. The company is operating well and they keep regular updates for their investors regarding any major changes in shareholding structure.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
