Barun Hydro Power Hakprad Share Auction Results to be Announced Soon!
Are you eager to know the outcome of the auction for the undistributed rights shares of Barun Hydro Power Company Limited? The wait is almost over! The company has announced that the bid opening for the hakprad shares will take place this Tuesday.
Specifically, the bid opening is scheduled for 8:00 AM at the office of RBB Merchant Banking Limited, the sales manager, located in Teku, Kathmandu. This announcement brings closure to the auction period and anticipation for investors and shareholders interested in the hydro power sector.
Barun Hydro Power had initially offered rights shares from Asar 31st to Bhadra 3rd. However, 238,443 shares from the general public group remained unsubscribed. Subsequently, the company opted for a lilaam badabadh (auction bidding) process to sell these remaining shares, with a minimum price of NPR 100 per share. The auction was open from Bhadra 29th to Ashwin 12th. All bids received during this period will be unveiled tomorrow. Stay tuned for the official results of the Barun Hydro Power share auction and learn if your investment bid was successful in this competitive market. This auction provides a further opportunity for investors to get equity within the energy sector.
