Joshi Hydropower Allots Rights Shares, Remaining Shares to be Sold via Auction

Joshi Hydropower Development Company Limited has successfully allotted its rights shares, which were open for subscription from Shrawan 15 to Bhadra 19. The company distributed a total of 2,224,173 rights shares to shareholders who applied validly.

Earlier, the company had issued 2,414,100 rights shares at a face value of Rs. 100 per share, in the ratio of 1:0.65 for shareholders registered until Asar 7. After allotment, however, 189,927 shares remain unsubscribed.

These remaining shares will now be sold through an auction process at a minimum price of Rs. 100 per share, making them available to all interested investors.