Kathmandu. Chyangdi Hydropower is going to sell undistributed right shares through an auction process from Today. The company had opened the sale of 100 percent right shares in the ratio of 1:1 worth rs 386.97 million from June 1to July 15.
The shares that could not be sold during this period are going to be sold through the auction process. A total of 298,832 units of unsold shares will be sold through bidding. The company has asked any person, organization or company interested in purchasing the shares to submit an application stating the rate at which it will be accepted to take per share so that it can reach the designated collection center by August 15.
The bid application forms will be received from Global IME Capital’s head office, Naxal Kathmandu, Global IME Bank, branch offices birtamode, Biratnagar, Birgunj, Janakpur, Narayangadh, New Road, Butwal, Hetauda, Ghorahi, Dhangadhi and Mahendranagar.
Bids can be submitted for the shares from July 15 to August 15.
Any person and organization interested in the shares to be put on sale can bid for the purchase. The minimum price of the shares has been fixed at Rs 100 per share. This means that investors will have to bid at a minimum price or more while submitting bids.
