Ankhukhola Hydropower Company Closing Auction of 17.50 Lakhs Right Shares From Today

Ankhukhola Hydropower Company Limited (AKJCL) is closing the auction of the unclaimed portion of its right share from today i.e. 20th Ashwin, 2081. The auction opened on 11th Ashwin, 2081.

17,50,248 units of ordinary right shares are in auction. This is the unclaimed portion of the rights offering. The company had issued a 1: 1.5 ratio right share issue to its shareholders from 7th Shrawan to 16th Bhadra, 2081.

Out of the total right shares issued only 1,02,49,752 (85.42%) units were allotted to eligible shareholders. 14.58% of shares were unclaimed by eligible investors. Thus, the same 17,50,248 units of unsold right shares are for the general public which will close today.

Individuals and institutions are all eligible to bid for the auction.

Nabil Investment Banking Limited has been appointed as the issue manager of this right share. Rs. 100 is the minimum bid rate for the auction. The minimum bid quantity is 100 units. Although bidders can bid for the entire issue, they must abide by the regulatory board's rule to not exceed the specified quantity of shares per entity.

As of writing, AKJCL has an LTP of Rs. 205.10.