Rapti Hydro Auction Share Distribution Complete! What You Need to Know
Rapti Hydro and General Construction Limited has finalized the auction share distribution process. After issuing a 100% right share offering, a significant 704,111 shares remained unsold. The company then initiated an auction from July 28th to August 4th.
The auction share distribution took place on August 13th. The initial share price was set at NPR 100 per share. However, the final auction price settled at NPR 275 per share. The shares were distributed proportionally to those who bid at this price.
Investors who participated in the auction but were not allocated any shares, or received a partial allocation, can expect to receive their refunds starting August 16th. The company has confirmed that refunds will be processed and returned to the relevant bank accounts.
Muqtihinath Capital Limited managed the entire right share issuance and distribution process for Rapti Hydro. This is a crucial step for the company’s financial growth and provides valuable investment opportunities for investors in the Nepalese stock market. This news is especially important for those looking for investment in hydroelectric projects. Keep an eye on the share market for any future Rapti Hydro updates and share prices.
