Arun Valley Hydropower (AHPC) Auctioning 4,35,894 Unclaimed Right Shares

Arun Valley Hydropower Development Company Limited (AHPC) is auctioning its right shares. The auction will open on 9th Ashar and close on 16th Ashar, 2078.

4,35,894 unit right shares will be auctioned. This is the unclaimed portion of the issue of the right shares that concluded on Jestha 02 earlier this year. Individuals, institutions, and companies are all eligible to bid for the auction.

Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 100 units, there is no upper limit for the shares. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.

Muktinath Capital has been appointed the auction manager.

If these shares will be auctioned away at an average price equal to the company's LTP of Rs. 539, the auction will add an extra Rs. 19,13,57,466 as a non-operating profit to the company's books. Note that this is only an approximation, and the auction cut-off rate may deviate from this figure. 

Auction notice