Ridi Hydropower to provide 100% right offers for its investors ; LTP Rs 125

The Board meeting of Ridi Hydropower held on 18th Ashad 2075 has proposed to float 100% right shares to its investors. The decision is however subject to approval from Sebon and AGM. 

The current paid-up capital of RHPC is Rs 50.10 crore. After the issuance of 100% the paid up capital of the organization will reach Rs 1.002 arba. The amount raised from the right shares will be utilized for the upcoming 8.5 MW Butwal solar project. 

RHPC had earned net profit of Rs 72.18 lakh in the third quarter of the current financial year.