Radhi Bidyut Company Limited (RADHI) is auctioning the unclaimed portion of its right shares from today i.e on 29th Kartik and will conclude on 7th Mangsir, 2079.
13,00,527.99 units of ordinary shares (unsold right shares) will be auctioned. This is the unclaimed portion of the rights offering that closed on 25th Ashwin, 2079. The issue had opened on Ashwin 05. A total of 95,35,760.99 shares were issued to eligible shareholders at a par value of Rs. 100 per unit. Eligible 38,505 applicants were allotted with 82,35,233 units shares. Thus, the remaining 13,00,527.99 shares will now be auctioned.
Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 100 units, there is no upper limit. Although bidders can bid for the entirety of the issue, they are required to abide by the regulatory body rule to not exceed the specified quantity of shares per entity.
Muktinath Capital has been appointed the auction manager. As of writing, RADHI has an LTP of Rs. 213.90.