Shivashree Hydropower Limited has opened applications for its unsold rights shares starting today. The company is selling over 8.68 lakh unclaimed rights shares through a public auction process.
Earlier, the company had issued rights shares in a 1:1 ratio from Bhadra 19 to Ashoj 23. However, 8,65,845 shares remained unsubscribed during that period. To ensure these shares are properly distributed, the company has now put them up for auction.
Anyone individuals, companies, or organizations can take part in the auction. The base price of each share is set at Rs 100. Applicants can bid for at least 100 shares, and there’s no maximum limit as long as the demand fits the available shares.
Interested investors can submit their bids through Citizen Capital’s office at Dillibazar or at various branches of Citizens Bank, including locations in Kumaripati, Thimi, Itahari, Biratnagar, Birtamod, Birgunj, Surkhet, Janakpur, Nepalgunj, Narayangadh, Dhangadhi, Pokhara, Butwal, and Hetauda.
The final deadline for submitting applications is Kartik 27.
