Ridge Line Energy Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Ridge Line Energy Limited has opened an IPO for project-affected locals of Gorkha and Lamjung District and Nepalese citizens working abroad to invest in the 9.05 MW Super Chepe Hydropower Project.
Key Points
- Ridge Line Energy Limited has opened an IPO issuing 11,85,000 shares for project-affected locals of Gorkha and Lamjung districts.
- An additional 1,42,200 shares are being issued to Nepalese citizens working abroad as part of the IPO.
- The company’s issued capital is Rs. 1.18 Arba with 22% of shares issued to the public.
- Issuer rating of Ridge Line Energy Limited was upgraded to CARE-NP BB (Is) indicating moderate risk.
