Himalaya Urja Bikas Company Auctioning 14.46 Lakhs Unclaimed Right Shares from 7th Ashwin
Mon, Sep 16, 2024 8:41 AM on Latest, Dividend, Bonus & Rights, Auction,
Himalaya Urja Bikas Company Limited (HURJA) is set to auction 14,46,359 unsold ordinary right shares from its previous 1:1 rights offering. The auction will open from 7th Ashwin to 14th Ashwin, 2081.
Out of the total right shares issued only 84,53,641 (85.40%) units were allotted to eligible shareholders. 14.60% of shares were unclaimed by eligible investors. Thus, the same 14,46,359 units of unsold right shares will now be auctioned to the general public from the 7th Ashwin.
This is the unclaimed portion of the rights offering. The company had issued a 1: 1 ratio right share issue to its shareholders from 24th Shrawan to 12th Bhadra, 2081.
Individuals and institutions are all eligible to bid for the auction.
Nabil Investment Banking 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.
