Political Parties get ready to protest against the distribution modality of Upper Tamakoshi’s IPO

The political parties of Dolakha district have announced to protest against the share distribution modality of Upper Tamakoshi Hydropower’s IPO issue.

The parties have given an ultimatum of 5 days to change the modality in a press conference. They have also warned that if their demands are not met with, they will start their protest. Before this incident, they had given a 10 days’ ultimatum to fulfill their 7 points’ demand list.

The ‘Mathhilo Tamakoshi Share Sarokar Sangharsa Samiti’ has announced that if their demands are not fulfilled, entry for the authorities of the project and construction company will be prohibited from Chaitra 10, 2074.

The committee has demanded that the maximum amount of application should be reduced to Rs 10,000 from Rs 30,000, to guarantee the unsold shares and to construct a road in the most affected area of Gaurishankar Rural Municipality-9.

Upper Tamakoshi is set to conclude its IPO allotment as on Chaitra 2074. The local people of Dolakha district have been provided with the total issue of Rs 1.05 crore worth of shares.