KATHMANDU: Ru Ru hydropower project is issuing initial public offerings (IPO) from February 19. The IPO will be issued for the locals affected by the project, said the company.
The company will issue 407,705 units of shares for the locals hit by the project in Gulmi district.
The designated locals can subscribe for minimum 10 to maximum 400,000 shares for Rs 100 per unit of shares by March 5.
If the company did not receive the number of applications as demanded, the deadline for subscription will be extended until March 21.
This hydro project has been rated as Grade 3 by ICRA Nepal, the first credit rating agency in Nepal, which is considered good in an average.
Comment