Bungal Hydro Limited has completed the IPO allotment for project-affected locals on Bhadra 5.
The company had issued 8,30,000 shares for locals from Ashad 29 to Shrawan 26. Out of the valid applications received, 196 applicants from the highly affected area were allotted 1,10,560 shares, while 1,771 applicants from the general affected area received 7,19,440 shares.
According to the company, the refund process for applicants who did not receive shares will begin soon, with amounts returned directly to their bank accounts.
