Last day to secure 35% right share of Ridi Hydropower; LTP stood Rs 429

Today is the last day to get hold of 10:3.5 (35%) right share of Ridi Hydropower Development Company Limited (RHPC). The book closure date for 10:3.5 right share has been set for Jestha 14, 2073. Only the shares registered one day before of the book closure date i.e. Jestha 13 will be eligible for the right shares. Ridi Hydropower Development Company Limited 14^th AGM held on Kartik 13, 2072 had approved 10:3.5 right shares to their shareholders. Ridi Hydropower Development Company Limited had earned a net profit of Rs.  37.41 lakhs in the third quarter of the current fiscal year. The paid up capital of the company stands at Rs 33 crore . Its last traded price stood at Rs 429 as on May 25, 2016. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below average fundamentals to the proposed rights issue.