Ridge Line Energy Limited Concludes IPO Allotment for Project-Affected Locals of Gorkha and Lamjung
Summary
Ridge Line Energy Limited concluded its IPO allotment for project-affected locals of Gorkha and Lamjung, offering shares from its 9.05 MW Super Chepe Hydropower Project.
Key Points
- Ridge Line Energy Limited concluded its IPO allotment for project-affected locals of Gorkha and Lamjung districts on 14th Magh, 2082.
- The company issued capital of Rs. 1.18 Arba, allocating 10% or 11,85,000 unit shares to project-affected locals and 22% to the public.
- Of the public issue, certain shares were reserved for Nepalese citizens abroad, company employees, and mutual funds.
- The 9.05 MW Super Chepe Hydropower Project is located in Ajirkot Rural Municipality, Gorkha District, under the BOOT model.
