Hathaway Investment Nepal Limited is planning to invest up to Rs 40 crore in two different companies to diversify its investment portfolio.
The 235th board of directors meeting of Hathaway Investment Nepal Limited was held on Bhadra 24. In this meeting, the company decided to making long-term investments in two different companies. This decision is part of their policy to diversify their investments into different sectors for long-term benefits.
According to the decision, the investment company will put Rs 25 crore in the sugar industry and Rs 15 crore in the hydropower sector, which makes a total investment of Rs 40 crore.
Investment in Bijay Shree Sugar Mills
Hathaway Investment is going to buy 25 lakh units of promoter shares of Bijay Shree Sugar Mills Limited. They will buy these shares at the rate of Rs 100 per share. With this, the total investment in the sugar mill will be up to Rs 25 crore.
Funding Induwa Khola Hydropower Project
The company also decided to invest in Induwa Khola PROR Hydropower Project. This project has a capacity of 24.921 megawatt and is currently being constructed in Makalu Rural Municipality of Sankhuwasabha district. The project is promoted by Vision Tesla Power Private Limited.
For this project, Hathaway Investment will buy 15 lakh units of promoter shares at Rs 100 per share. The total investment for this hydropower project will be up to Rs 15 crore.
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.
