Arun Valley Hydropower Auctioning 19.92 Lakhs Unclaimed Right Shares from 10th Baishakh
Mon, Apr 15, 2024 9:59 AM on Latest, Dividend, Bonus & Rights, Auction,
Arun Valley Hydropower Development Company Limited (AHPC) is set to auction 19,92,134 unsold ordinary right shares from its previous 1:1 rights offering. The auction will open from 10th Baishakh to 24th Baishakh, 2081.
Out of the total right shares issued only 1,66,87,492 (89.34%) units were allotted to eligible shareholders. 10.66% of shares were unclaimed by eligible investors. Thus, the same 19,92,134 units of unsold right shares will now be auctioned to the general public from the 10th Baishakh.
This is the unclaimed portion of the rights offering. The company had issued a 1: 1 ratio right share issue to its shareholders from 17th Falgun to 7th Chaitra, 2080.
Individuals and institutions are all eligible to bid for the auction.
Muktinath Capital 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 entirety of the issue, they are required to abide by the regulatory board's rule to not exceed the specified quantity of shares per entity.
