Chhyangdi Hydropower Limited has opened a second chance for the public to buy its unsold rights shares. The company started this auction process from Shrawan 14, after some shares remained unsold during the earlier rights offering.
Earlier, from Jestha 23 to Ashar 27, the company had issued a 1:1 rights share offer worth Rs. 386.9 million based on its current paid-up capital. But not all shares were taken by the shareholders during that time.
To sell the remaining shares, the company is now holding a public auction.
Shares available
A total of 2,98,832 units of rights shares are being auctioned. Anyone interested—whether individuals, institutions, or companies—can apply to buy them by submitting a bid.
How to apply
Applicants need to clearly mention how many shares they want and the price they are willing to pay per share. Bids must reach the designated collection centers no later than Shrawan 21.
Application forms are available at:
- Global IME Capital, Naxal, Kathmandu
- Branches of Global IME Bank in: Birtamod, Biratnagar, Birgunj, Janakpur, Narayangadh, New Road (Kathmandu), Butwal, Hetauda, Ghorahi, Dhangadhi, and Mahendranagar
- The minimum price per share is set at Rs. 100
- You must bid at least Rs. 100 or more per share
- Highest bidders will get priority
This auction is a good opportunity for those who missed the initial rights issue to become shareholders in the company.
