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Wednesday, 19 February 2020 10:55 PM
How hydro companies are cheating shareholders
BHATTEDANDA, LALITPUR, Feb 17: Anil Syangten, a farmer of Bhattedanda village in Lalitpur district, borrowed Rs 100,000 at 24 percent interest from a local moneylender three years ago and invested in shares of Khanikhola Hydropower Co Ltd (KKHC). He was one of the hundreds of investors who believed that investment in initial public offering (IPO) of a hydropower project was like buying gold.