HIDCL to Re-Auction 3,30,00,000 Units Promoter Shares; Allotted Shares to be Traded under HIDCLP
Hydroelectricity Investment and Development Company Limited (HIDCL) has issued a notice regarding its re-auction of 3,30,00,000 units promoter right shares.
The auction will open from 5th Ashad and conclude on 19th Ashar, 2079. The company had previously issued the same 3,30,00,000 unit promoter shares from Falgun 01, since there was some doubt over whether the shares would trade as promoter or ordinary shares, the auction was postponed under SEBON's instruction. Thus, now the company has clearly informed through the notice that the shares will trade as promoter shares under HIDCLP category once allotted to the successful bidders.
Rs. 100 is the minimum bid rate for 3,30,00,000 promoter shares. The minimum bid quantity is 100 unit shares, while the there is no limit for the maximum bid quantity. Individuals, institutions, and companies are all eligible to bid for the auction.
Global IME Capital is appointed the auction manager. As of writing, HIDCL has an LTP of Rs. 221.
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