Sayapatri Hydropower Limited (SPHL) has opted to free 50 percent of the collateral shares owned by shareholders and company executives, following the 84th Board of Directors meeting convened on the 11th of Ashwin 2082.
In line with this resolution, the action is taken as the company has settled over 50 percent of the co-financing loan acquired for the Daram Khola ‘A’ Hydropower Project. The collateral shares were submitted to co-financing banks, Nepal Bank Limited and Global IME Bank Limited, throughout the loan duration.
The Board determined that half of the collateral shares belonging to all shareholders and officials will be liberated. For this undertaking, Nepal Bank Limited, the principal bank, will be asked to facilitate the process. The company’s Chief Accountant, Krishna Chalise, has been granted full authorization to carry out all required tasks related to the liberation of the collateral shares.
