Rapti Hydro to Auction Unsold Rights Shares from July 29

Rapti Hydro & General Construction Limited is set to auction its unsold rights shares starting Tuesday, July 29 (Shrawan 13).

Earlier, the company had opened a 1:1 rights offering of 6,127,938 shares at a par value of NPR 100 per share from Asar 10 to 24. Only shareholders registered by Jestha 5 were eligible to apply. Shares have already been allotted to those who applied as per the procedure.

Now, the remaining 704,111 units will be sold via auction. Among them, 564,010 shares are non-locked-in shares under the general public category, while 140,101 shares will remain locked-in until Shrawan 8.

Interested individuals, companies, and institutions can submit sealed bids stating the quantity and rate they are willing to pay by Shrawan 20 (August 4). The minimum bid is 100 shares, and there is no cap on the maximum.

Bid forms can be obtained from the head office of Muktinath Capital Ltd, Naxal, Kathmandu, and various branches of Muktinath Bikas Bank in Thimi, Kumaripati, Birtamode, Biratnagar, Birgunj, Janakpur, Hetauda, Narayanghat, Chipledhunga, Baglung, Ghorahi, Nepalgunj, Birendranagar, Dhangadhi, and Mahendranagar. Completed forms can be submitted at the same locations.

Shares will be allocated to the highest bidders based on the submitted bid amounts.