Balephi Hydropower Limited (BHL) is concluding the bidding for 6,76,191 units of promoter shares and 5,08,892 units of ordinary right shares available to the general public starting today, on the 19th Falgun, 2081. The auction commenced on the 5th Falgun.
Out of the total rights shares issued, 1,64,81,044 units (90.17%) were taken up by eligible shareholders, leaving 9.83% unclaimed. Consequently, these 6,76,191 promoter shares and 5,08,892 ordinary right shares are being auctioned to the public and will come to a close today.
This auction incorporates the unclaimed segment of the rights issuance. BHL initially offered a 1:1 rights share issuance to its shareholders from 27th Mangsir to 17th Poush, 2081.
Both individuals and organizations are qualified to engage in the bidding process.
NIMB Ace Capital Limited has been appointed as the issue manager for this auction. The minimum bid price is Rs. 100 per share, with a minimum bid quantity of 100 units for ordinary right shares. Although bidders are allowed to bid for all available shares, they must adhere to regulatory constraints on the maximum permitted share quantity per entity.
