United Modi Hydropower (UMHL) to Invest for 30% of United Mewa Khola Hydropower (50 MW)

Tue, Mar 30, 2021 3:06 PM on Latest, Stock Market,

United Modi Hydropower Limited (UMHL) is investing in United Mewa Khola Hydropower (50 MW). The meeting of the board of directors of UMHL held on Chaitra 16 decided on the matter.

The company has decided to invest for 30% of stake in the issued capital of United Mewa Khola Hydropower. 67,50,000 unit shares will now be bought at Rs. 100 per share. This investment is thus worth Rs. 67,50,00,000.

As of writing, UMHL has an LTP of Rs. 183.