Himalayan Power Partner Limited Is Closing Auction of Unclaimed Rights Shares Today

Himalayan Power Partner Limited (HPPL) has announced the closure of its auction for 4,68,740 units of unclaimed rights shares from the previous 1:0.50 rights offering. The auction, which opened on 27th Jestha, 2083, officially closes today, 4th Ashadh, 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.