Global Hydropower to Sell 6.52 Million Promoter Shares

Global Hydropower Associate Limited has announced the sale of 6.52 million promoter shares. This decision follows the resolution passed during the company’s special general meeting held on Asar 21, which approved increasing the company’s paid-up capital to NPR 2.91 billion.

The company has decided to sell these shares proportionally to the existing shares held by the promoters. Interested promoter shareholders must deposit 100% of the payable amount for the requested shares into the company’s account within 30 days. Additionally, a copy of the payment voucher must be submitted along with the application to the company.

If the promoter shares are not fully subscribed, the remaining shares will be forfeited and brought back to the company. The board of directors will then sell these shares to suitable investors deemed appropriate, as stated by the company.