Ru Ru Jalbidhyut to Invest Rs 80 Million in Myagdi Hydropower
The hydropower company has approved the purchase of 800,000 promoter shares of Myagdi Hydropower as part of its investment strategy.
Ru Ru Jalbidhyut Pariyojana Limited (RURU) has approved an investment of Rs 80 million (Rs 8 crore) in Myagdi Hydropower Limited through the acquisition of 800,000 promoter shares. The decision was made during the company's board meeting held on Thursday (Ashad 25, 2083). Under the approved plan, RURU will purchase the reserved promoter shares at their face value of Rs 100 per share, bringing the total investment to Rs 80 million. The company stated that the investment has been approved in accordance with its Articles of Association and is aimed at utilizing its available investable funds efficiently while strengthening its presence in Nepal's hydropower sector.