Hydroelectricity Investment and Development Company Limited (HIDCL) has postponed the auction of its promoter right shares on SEBON’s instruction.
The company had been auctioning its promoter right shares from Falgun 01. The auction was supposed to conclude on coming Sunday, i.e. Falgun 15, 2078.
Earlier, the company concluded the 1:1 ratio right shares issue on Bhadra 08, 2078. 11,00,00,000 units right shares were issued from 5th Shrawan. The hydropower company declared the book closure date for its rights offering on Jestha 28, 2078. Thus, investors maintained before that day were eligible to apply for the shares.
3,30,00,000 promoter right shares were unclaimed by eligible promoters. Thus, the same shares…
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