Rapti Hydro and General Construction Limited has allotted rights shares to eligible shareholders and announced that remaining unsold shares will be auctioned after refunding application amounts.
Rapti Hydro and General Construction Limited completed the allotment of its rights shares issued between Asar 1 and Asar 22 on Asar 32 (yesterday). The company had issued 6,127,938 rights shares at the ratio of 1:1 to shareholders registered as of Jestha 5, priced at NPR 100 per share.
A total of 71,065 shareholders who submitted applications during the subscription period were allotted 5,423,827 shares.
The sales manager, Muktinath Capital Limited, stated that the amounts for shares not allotted will be refunded to the respective shareholders’ bank accounts through Connect IPS starting from Shrawan 2.
After the allotment, 704,111 rights shares remain unsold. These shares will be offered for sale through an auction process, allowing any interested buyers to purchase them.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
