Bids Received in Auction of Himalayan Power Partner Limited Ordinary Shares Opened; What is the Cut-Off Rate?
Summary
Himalayan Power Partner Limited opened an auction for its ordinary shares, receiving 2,172 bids with a tentative cut-off rate of Rs. 345.10 and a last traded price of Rs. 369.00.
Key Points
- Himalayan Power Partner Limited conducted an auction for 468,740 units of its ordinary right shares.
- The auction was managed by Global IME Capital Limited and took place in Kathmandu.
- A total of 2,172 applications were received for the shares with a minimum bid rate of Rs. 100.
- The tentative cut-off rate is Rs. 345.10, with the last traded price at Rs. 369.00 per share.
