Kathmandu. Today is the last day to apply for the shares issued by Ridge Line Energy Company to the locals of the project-affected areas.

The company had issued shares to the locals of the project-affected areas from December 27 till today. Today is the last day to apply.

The company has been permitted to issue 26,07,000 units of shares worth Rs 26.07 crore i.e. 22% of the issued capital of Rs 1.18 billion. Out of this, 11,85,000 units of ordinary shares worth Rs 11.85 crore have been issued to the locals of the project-affected areas.

The interested bidders of ward no. 1, 2, 3 of Dudhpokhari Rural Municipality and Dordi Rural Municipality of Gorkha district can apply for the shares.

Applications can be place for minimum 10 units and maximum 50,000 units. Prabhu Capital has been appointed as the issue manager for the IPO issuance.

The interested bidders can bid for the shares from Ridge Line Energy, Gorkha, Prabhu Capital, Kamaladi, Prabhu Bank’s Chepetar and Palungtar branch offices.