Ridi Hydropower development limited is to issue 100% or 1:1 right shares to its shareholders.
As per the notice published in Nepse, the hydropower company is going to issue 100% right shares. The company will be issuing 50,10,551 units of shares to its shareholders.
The decision is subjected to be approved from AGM & Security board of Nepal (SEBON).
Its paid up capital is 50.10 crore. After 100% right share, paid up capital will reach to Rs.1 arba.
It is informed that right issue is for developing 8.5 MW Butwal Solar project.
