Hydroelectricity Investment and Development Company Limited (HIDCL) is auctioning its right shares. This is the quantity unclaimed by eligible shareholders in the rights issue. The auction has opened today, i.e. on 7th Ashwin, and will close on 14th Ashwin.
3,30,00,000 units promoter right shares and 32,29,794 units ordinary right shares are being auctioned. Individuals, institutions, and companies are all eligible to bid for the auction.
Rs. 100 is the minimum bid rate. The minimum bid quantity for the promoter right shares is 1 crore units and the minimum bid quantity for ordinary right shares is 100 units.
Global IME Capital has been appointed the auction manager for the auction.