National Hydro Power Company Auctioning 13.36 Lakh Unclaimed Right Shares from Bhadra 13

National Hydro Power Company Limited (NHPC) is auctioning its 13,36,742.7178 unit ordinary shares to the general public. The auction will open on the 13th of Bhadra and conclude on the 24th of Bhadra, 2080.

13,36,742.7178 units of ordinary right shares will be auctioned. This is 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 will now be auctioned to the general public. This is 16.25% of the total shares issued to the shareholders of the company. Individuals and institutions are all eligible to bid for the auction.

Muktinath Capital has been appointed as the auction manager. Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity is 100 units, there is no upper limit for the shares. 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.

The last traded price of the scrip stands at Rs 146.20 per share.

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