Kathmandu. Ruru Hydropower Project Limited to invest in Myagdi Hydropower Limited. Ruru has decided to invest Rs 80 million in Myagdi Hydropower. 

The meeting of the Board of Directors of the company held on July 9 decided to invest in Myagdi Hydropower in the first phase as part of its strategic investment plan in other hydropower companies.

As per the decision, Ruru Hydropower will buy 8 lakh units of ordinary shares of Myagdi Hydropower at a price ofRs 100 per share.For this, the company will invest a total of Rs 8 crore. 

The decision was taken as part of the company’s strategy to expand its investment in the hydropower sector.