Ridi Power Company Receives Electricity Regulatory Commission Approval to Issue 50% Right Shares

The Electricity Regulatory Commission (ERC) has approved Ridi Power Company (RIDI) to issue a 1: 0.50 right offering.

The board of directors suggested on the 4th of Magh, 2079, to issue 50% right shares on the paid-up capital after adjusting 40% bonus shares for the fiscal year 2078/79, i.e. Rs. 1,54,89,01,200. The company’s paid-up capital will grow to Rs. 2.32 Arba following the adjustment of the proposed right share, i.e. 77,44,506 units. Furthermore, the ERC has granted the business permission to include the appropriate share-related topic in i