Reminder: Last Day of Auction of HIDCL's 3,30,00,000 Promoter Shares
Hydroelectricity Investment and Development Company Limited (HIDCL) is closing the auction of its 3,30,00,000 units promoter right shares today.
Global IME Capital has been auctioning the promoter shares of HIDCL. The auction opened on 5th Ashad and will close today i.e 19th Ashad, 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 a promoter or ordinary shares, the auction was postponed under SEBON's instruction. Thus, then the company has clearly informed through the notice that the shares would trade as promoter shares under the 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 there is no limit for the maximum bid quantity. Individuals, institutions, and companies are all eligible to bid in the auction.
