Kathmandu. Today, Falgun 19, is the last day to submit bids for the purchase of unallocated right shares that Balefi Hydropower Limited has been selling through an auction process since Falgun 5. The company has sold unallocated right shares issued and sold in a ratio of 1:1 through an auction process.
The company has sold a total of 1,798,656 units of unallocated right shares, including 676,191 units of the founder group, 588,892 units of the general group that are locked in, and 613,573 units that are not locked in.
The minimum price of the share has been set at Rs. 100. Investors will have to submit a sealed bid at that or higher price. While submitting a bid, an application will have to be made for a minimum of 100 units, and applications can be made for all units subject to the maximum number of shares divided by 10 or the per capita limit prescribed by the regulatory body.
The company’s securities issuance and sale manager is NIMB S Capital Limited. Investors can obtain and submit the bid application form from NIMB S Capital, Lazimpat, Kathmandu as well as Pokhara, Butwal, Birgunj and Biratnagar branch offices.
