HIDCL Auctioning 2.32 Crores Unsold Promoter Shares From Bhadra 20

September 5, 2022 | Investopaper

Hydroelectricity Investment & Development Company Limited (HIDCL) is planning to sell unsold promoter shares (right shares) through auction from Bhadra 20, 2079 BS.

The shares in the auction include:

Promoter Shares: 2,32,04,495 units

The general public, firms, and companies can submit the application for the purchase of the shares. Interested investors can submit the bids until Ashwin 4, 2079 BS.

After the listing on Nepal Stock Exchange, these shares will be traded as promoter shares with the symbol HIDCLP.


How To Apply For Auction Of Shares In Nepal? [Step By Step]

The minimum price of the share has been set at Rs 100. When submitting a bid, the investor will have to apply at Rs 100 or above per share. Bidder at a higher price will receive the shares.

One can submit the bid for a minimum of 100 units and maximum of all units.

Global IME Capital Limited is the sales manager for the auction of shares.

The application form can be purchased at Rs 100 from Global IME Capital Limited, Naxal, Kathmandu, and the allocated branches of Global IME Bank Limited.


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