Riddi shares listed on NEPSE after merger between Riddi and Rairang Hydropower: Opening range is Rs 708 and 60 paisa

Aug Sun 2022 03:41:06

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Riddi shares listed on NEPSE after merger between Riddi and Rairang Hydropower: Opening range is Rs 708 and 60 paisa

Kathmandu.  Shares of Riddy Power Company Limited (RIDI) are listed on Nepal Stock Exchange (NEPSE). After the merger between Savik's Reddy Hydropower Development Company and Rairang Hydropower Development Company, the remaining shares have been listed in NEPSE.

1 crore 10 lakh 63 thousand 580 shares have been listed in NEPSE in the name of Reddy Power Company Limited formed after the merger.

NEPSE has provided a minimum opening range of Rs 708 and 60 paise to the company's shares. Based on the opening range, the shares of the company will be traded in the secondary market. The company's shares have been given a RIDI trading signal. Reedy Hydropower and Rairang Hydropower Development Company were merged in the ratio of 1:0.93.