Ridi Power Company Closing Auction of 11,35,657 Shares from Today

April 21, 2024 | Investopaper

Ridi Power Company Limited (RIDI) is currently selling the unsold right shares in the auction. The auction of shares is open from Chaitra 29, 2080 BS. The shares in the auction include:

Ordinary Shares: 11,35,657 units

Total: 11,35,657 units

Interested investors can submit the application for the purchase of the ordinary shares until Baisakh 9, 2081 BS.

The hydropower company had issued the right share in the ratio 1:0.5 from Falgun 18, 2080 BS to Chaitra 8, 2080 BS. Out of the total 77,44,506 shares, 11,35,657 units of ordinary shares remained unsold. The company is planning to sell these shares in the auction.

The minimum price of the share will be 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 shares and maximum of full shares.

Muktinath Capital Limited is the sales manager for the auction of shares.

For full information regarding the auction, please visit the website of the sales manager.


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

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