Joshi Hydropower Development Company Limited to Auction 1,89,927 Unclaimed Right Shares from Ashwin 28

Kathmandu — Joshi Hydropower Development Company Limited (JOSHI) is set to auction 1,89,927 units of unclaimed right shares from its previous 1:0.65 rights issue. The auction will open on 28th Ashwin 2082 and remain open until 11th Kartik 2082.

Out of the total rights issue, 22,24,173 shares (92.13%) were allotted to valid applicants, while 7.87% or 1,89,927 shares remained unclaimed by eligible shareholders. These unsold right shares will now be auctioned to the general public.

The company had previously issued the 1:0.65 ratio rights shares to its existing shareholders from 15th Shrawan to 19th Bhadra, 2082.

Both individual and institutional investors are eligible to participate in the auction. The minimum bid rate has been set at Rs. 100 per share, and the minimum bid quantity is 100 units. Although investors may bid for the entire issue, they must comply with the regulatory board’s limit on the maximum quantity allowed per entity.

LS Capital Limited has been appointed as the issue manager for the auction process.