KATHMANDU, Dec 30: Riverside Hydro Energy has announced plans to issue an Initial Public Offering (IPO) and has called its annual general meeting (AGM) to endorse the proposal.
The company has scheduled the AGM for January 6, where shareholders will deliberate on four ordinary and three special agendas. One of the key proposals is to approve the issuance of an IPO equivalent to 20 percent of the company’s paid-up capital.
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Following approval from the AGM, the company’s board of directors will proceed with the process required for the public offering.
