Chhyangdi Hydropower’s unsubscribed rights shares auction application closes today, Sawan 21, for shares offered through bidding after the initial rights issue.
Chhyangdi Hydropower has announced that today, Sawan 21, is the last day to apply for unsubscribed rights shares offered through bidding. The company had earlier opened a 100% rights issue on a 1:1 ratio based on its paid-up capital of Rs 38 crore 69 lakh 77 thousand from Jestha 23 to Ashad 27.
During that period, 2,98,832 shares remained unsubscribed. These shares are now being sold through an auction (bidding) process. Interested individuals, institutions, or companies must submit their application forms to the designated collection centers by Sawan 21. The application must clearly state the price per share the applicant intends to pay.
Bid forms are available at the Global IME Capital head office in Naxal, Kathmandu, and at branch offices of Global IME Bank in Birtamod, Biratnagar, Birgunj, Janakpur, Narayangadh, Newroad, Butwal, Hetauda, Ghorahi, Dhangadhi, and Mahendranagar.
Any person or entity may participate and submit a bid. The minimum bid price is set at Rs 100 per share, so bidders must offer at least this price or higher.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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