Arun Valley Hydropower Closing Auction of 19.92 Lakhs Right Shares From Today

Arun Valley Hydropower Development Company Limited (AHPC) is closing the auction of the unclaimed portion of its right share from today i.e. 24th Baisakh, 2081. The auction opened on 10th Baisakh, 2081.

19,92,134 units of ordinary right shares will be auctioned. 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.

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 are for the general public which will close today.

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.

As of writing, AHPC has an LTP of Rs. 162.00.