Bids Received in Auction of Chhyangdi Hydropower Ordinary Shares Opened; What is the Cut-Off Rate?
Summary
Chhyangdi Hydropower Company Limited conducted an auction of 298,832 unsold ordinary right shares, with a tentative cut-off rate of Rs. 266 per share and last traded price at Rs. 310.06.
Key Points
- Chhyangdi Hydropower Company Limited opened bids for 2,98,832 units of ordinary right shares in auction.
- The auction was managed by Global IME Capital Limited and took place in Kathmandu.
- The minimum bid rate was Rs. 100 with no upper bid limit, but regulated share quantity per entity.
- The tentative cut-off rate is Rs. 266, subject to final cheque clearance, with the last traded price at Rs. 310.06 per share.
