Chhyangdi Hydropower Alerts Shareholders of Affected Area

Aug 06, 2017 Merolagani

The share trading of Chhyangdi Hydropower has started since the last Thursday. However, Global IME Capital, the issue manager of the hydropower has alerted the locals of affected area not to sell their shares in the secondary market.

The Capital informed that all shares including locals of affected area and other shareholders have been sent to their respective Demat account. Although the other shareholders can trade their shares, locals cannot sell their shares for three years as per a provision.

If any local sell his/her shares upon lack of information, 20 percent penalty will be levied to the seller. The company with Rs 270 million paid-up capital issued 540,000 units of general shares from May 28-June 1. For the locals of affected area in Lamjung, the company issued 270,000 units of shares.

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