Peoples Hydropower has decided to invest in Nyadi Fidi Hydropower Project and Janata Agro and Forestry.
Peoples Hydropower recently announced its decision to invest in two different companies. The company’s board of directors make this decision during a recent meeting, deciding to utilize some of the investable funds available in its bank account.
The investments are targeted towards Nyadi Fidi Hydropower Project and Janata Agro and Forestry. According to the board’s decision, Peoples Hydropower will acquire 5 lakh (500,000) shares of Nyadi Fidi Hydropower Project. Each share are priced at an अंकित दर (face value) of Rs. 100.
Furthermore, Peoples Hydropower will invest in 2 lakh (200,000) shares of Janata Agro and Forestry, with each share costing Rs. 125.
Nyadi Fidi Hydropower Project, with a capacity of 21.4 megawatts, located in Marsyangdi Rural Municipality of Lamjung district, is currently in its construction phase. Meanwhile, Janata Agro and Forestry is a company that is preparing to launch its Initial Public Offering (IPO) in the near future.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
