Himalayan Power Partner Limited has successfully allotted its 4 lakh 68 thousand 740 units of unsold right shares through auction.
Allotment of Auctioned Shares Completed
Himalayan Power Partner Limited has finished distributing its 4 lakh 68 thousand 740 units of unsold right shares. The company opened the bidding for these shares through sealed tender from Jestha 27 to Ashadh 4.
According to the company, the cutoff price for the share is set at Rs. 345.10 per share. Investors who submitted bids at this price or above it were allocated the shares proportionally based on demand and relative weight.
Refund Information for Non-Allotted Bidders
For the applicants who did not get shares in the allotment, the company announced to refunding their money. The amount will be directly deposited into their bank accounts through IPS system.
Global IME Capital Limited was the issue manager who managed the sale of this right shares.
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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