Kathmandu. The Ru Ru Hydropower Project Limited has decided to invest Rs 80 million in Myagdi Hydropower Limited. The meeting of the Board of Directors of the company held on July 9 has decided to invest in Myagdi Hydropower in the first phase as part of its strategic investment plan in other hydropower companies.
As per the decision, Ru Ru Hydropower will buy 800,000 units of ordinary shares of Myagdi Hydropower at a face value of Rs 100 per share. For this, the company will invest a total of Rs 8 crore. According to the company, the decision has been taken as per the strategy to expand its investment in the hydropower sector.
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