May 31: Ridi Hydropower Development Company has decided to issue 10:3.5 unit shares from June 15 to July 19. The company has floated 1,155,000 units of right shares at the price of Rs 100 for its existing shareholders. The company has appointed Global IME Capital Limited as its issue manager.

Interested shareholders can apply for the right shares from Global IME capital, Rastriya Naachghar Jamal, Kathmandu and registered office of Ridi Hydropower at Trade Tower Nepal, Thapathali, Kathmandu.  The right share issuance has received ICRA NP IPO Grade 4 plus from ICRA Nepal.