Ridi Hydropower announces 10.52% cash dividend & 10:3.5 right shares

Ridi Hydropower Development Co. Ltd’s (RHPC) BOD meeting held on Bandra 27,2072 has decided to distribute 10.526% cash dividend to its shareholders. The same meeting has also decided to issue rights share after the dividend in the ratio of 10:3.5 which subject to the approval of its upcoming AGM going to be held on Kartik 13,2072. RHPC has posted a net profit of Rs 1.95 crore in the fourth quarter of the last fiscal year. It last trading price stand at Rs 438 as on September 13, 2015.