Ridi Hydropower to issue 100% right shares for its shareholders; Paid-up capital to reach Rs 1 arba after the adjustment of right shares

Ridi Hydropower Development Company Limited (RHPC) will be issuing 100% right shares for its shareholders.

As per the notice published in NEPSE, the hydropower company will be issuing 50,10,551 units right shares at par value of Rs 100.

The issuance of the right shares will be made after the approval from the Annual General Meeting (AGM) of the company and SEBON.

The current paid-up capital of RHPC is Rs 50.10 crore. After the adjustment of 100% the paid up capital of the company will reach Rs 1.002 arba.

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