Universal Power Company Limited (UPCL) has announced its decision to sell its promoter shares in Rapti Hydro and General Construction Limited (RHGCL).
According to the notice, UPCL will offload a total of 14,42,187 promoter shares at the prevailing market price. The shares will be traded through negotiated deal or block transaction as per NEPSE guidelines.
The sale marks a significant shift in UPCL’s stake in RHGCL and may attract interest from institutional and high-net-worth investors in the hydropower sector.
More details are expected to be shared once the transaction process begins.
