Ghalemdi Hyro Limited Auctioning 32.17 Lakhs Unclaimed Right Shares from 9th Magh
Tue, Jan 16, 2024 8:47 AM on Latest, Dividend, Bonus & Rights, Auction,
Ghalemdi Hydro Limited (GHL) is set to auction 32,17,724 unsold ordinary right shares from its previous 1:2 rights offering. The auction will open from 9th Magh to 23rd Magh, 2080.
32,17,724 units of ordinary right shares will be auctioned. This is the unclaimed portion of the rights offering. The company had issued a 1: 2 ratio right share issue to its shareholders from 10th Mangsir to 16th Poush, 2080.
Out of the total right shares issued only 77,82,276 (70.75%) units were allotted to eligible shareholders. 29.25% of shares were unclaimed by eligible investors. Thus, the same 32,17,724 units of unsold right shares will now be auctioned to the general public from 9th Magh.
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.
