HIDCL proposes 100% right shares; huge possibility of insider trading yesterday
Mon, Jul 30, 2018 6:03 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Jalvidyut Lagani Tatha Bikas Company Limited (HIDCL) has notified NEPSE regarding the issuance of its 100% right shares.
The 170th board meeting of the company decided to present the proposed right shares in the upcoming AGM of the company.
The current paid-up capital of the company is Rs 10 arba which will reach Rs 20 arba after the adjustment of 100% right shares.
The meeting of the BOD was held on Friday but the notice was published in NEPSE today. It can also be noted that the HIDCL was the top stock in terms of turnover as well as units traded. 72,076 unit shares of HIDCL were exchanged which garnered turnover worth Rs 1.26 crore yesterday.
All the clues lead to the fact that yesterday’s trading of HIDCL was a result of Insider Trading in the stock market.
