Ruru Hydropower Project Limited has decided to expand its investment by acquiring 8 lakh units of reserve promoter shares of Myagdi Hydropower Limited for a total of Rs. 8 crore.
Ruru Hydropower Project Limited is set to broaden its investment portfolio by investing in other hydropower company. The company has made a decision to purchase reserve promoter shares of Myagdi Hydropower Limited.
According to the decision, Ruru Hydropower will acquire 8 lakh units of reserve promoter shares from Myagdi Hydropower Limited. The purchase will be made at a face value of Rs. 100 per share, which means Ruru Hydropower plans to invest a total of Rs. 8 crore for this acquisition.
This investment decision was finalized during a meeting of Ruru Hydropower Project Limited’s Board of Directors. The meeting took place on Ashar 25 at 5:30 PM, held at the company’s registered office in Kathmandu.
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