National Hydro Power Company Allots Auctioned Shares to Bidders, Company Refunding Non-Allottees From Ashwin 02
Thu, Sep 21, 2023 11:38 AM on Latest, Dividend, Bonus & Rights, Auction,
National Hydro Power Company Limited (NHPC) has allotted its 13,36,742.7178 units of ordinary rights share issue to the general public. The company is refunding money to the non-allottee investors from 2nd Ashwin, 2080.
13,36,742.7178 units of ordinary right shares were auctioned which was the unclaimed portion of the rights offering. The company opened a 10: 5 ratio right share issue to its shareholders from 29th Ashad to 18th Shrawan, 2080. The same unsold right shares were auctioned to the general public from 13th to 24th Bhadra. This was 16.25% of the total right shares issued to the shareholders of the company.
Muktinath Capital Limited was appointed the auction manager. The bids were opened at the premises of the auction manager on 29th Bhadra, 2080.
According to the auction manager, Rs. 110 was the cut-off rate for the ordinary shares.