Himalayan Power Partner Limited is Auctioning Ordinary Right Shares from Jestha 27
Himalayan Power Partner Limited (HPPL) is set to auction 4,68,740 units of ordinary right shares. The auction will be open from today, i.e., 27th Jestha, and will continue until 4th Ashad, 2083.
A total of 48,58,345 shares were allotted to 46,769 valid applicants, leaving 4,68,740 units (8.79%) unclaimed by eligible investors.
Of the total rights shares issued, 48,58,345 units (91.2%) were subscribed by eligible shareholders, while 8.79% remained unclaimed. As a result, these 4,68,740 ordinary right shares will now be auctioned to the general public.
This auction includes the unclaimed portion of the rights issuance. HPPL had originally offered a 1:0.50 rights share issuance to its shareholders from 17th Baishakh, 2083, to 6th Jestha, 2083.
Both individuals and institutions are eligible to participate in the bidding process.
Global IME Capital Limited has been appointed as the issue manager for this auction. The minimum bid rate is Rs. 100 per share, and the minimum bid quantity is 100 units for ordinary right shares. While bidders may place bids for all available shares, they must comply with regulatory limits on the maximum allowable share quantity per entity.
