Rapti Hydro and General Construction Ltd. is set to begin the auction of its unsold rights shares from tomorrow. The company had previously issued 100% rights shares (1:1 ratio) based on its current paid-up capital of Rs. 612,793,800. However, a portion of these shares remained unsubscribed and will now be offered through a bidding process.
A total of 704,111 shares are up for auction, including 564,010 shares for the general public and 140,101 shares that are not under a lock-in period (eligible for trading after Shrawan 8).
Interested individuals and institutions can participate in the auction by submitting sealed bids with a minimum offer price of Rs. 100 per share or higher.
Bid application forms will be available at the head office of Muktinath Capital in Naxal, Kathmandu, and at various branches of Muktinath Bikas Bank, including those in Thimi (Bhaktapur), Kumaripati (Lalitpur), Birtamod (Jhapa), Biratnagar, Birgunj, Janakpur, Hetauda, Narayanghat, Pokhara, Baglung, Butwal, Ghorahi, Dang, Nepalgunj, Birendranagar, Dhangadhi, and Mahendranagar.
The bidding period is scheduled from Shrawan 13 to Shrawan 20. Investors are encouraged to submit their applications within the given timeframe to participate in the auction.
