Ridge Line Energy Limited Issuing IPO Shares to Locals of Gorkha and Lamjung District And Nepalese Employed Abroad From Poush 13
Summary
Ridge Line Energy Limited is issuing IPO shares to locals of Gorkha and Lamjung districts and Nepalese working abroad starting from Poush 13, 2082, with specific share allocations and extensions if undersubscribed.
Key Points
- Ridge Line Energy Limited is issuing IPO shares to project-affected locals of Gorkha and Lamjung Districts and Nepalese citizens working abroad starting from 13th Poush, 2082.
- The company’s total issued capital is Rs. 1.18 Arba, with 22% (26,07,000 shares) offered to the public and 10% allocated to project-affected locals.
- CARE Ratings Nepal Limited has upgraded Ridge Line Energy Limited’s issuer rating to CARE-NP BB (Is) from CARE-NP BB- (Is).
- The 9.05 MW Super Chepe Hydropower Project in Gorkha is being developed by Ridge Line Energy under the BOOT model.
