It is expected to open bids received in the sale of its unclaimed right shares this Friday, Ashoj 22, according to Hydroelectricity Investment and Development Corporation Limited (HIDCL). The auction manager for the auction has been named as Global IME Capital & Partners. Bidding will begin at 8 a.m. on Friday at the auction manager’s office, which will be open to the public.
The auction had begun on the 7th of Ashwin and ended on the 14th of Ashwin at the conclusion of banking hours, according to the calendar. It was decided to auction 3,300,000 units of promoter right shares and 32,29,794 units of ordinary right shares. When the rights issue closed, the amount remaining unclaimed by eligible shareholders was calculated. Anyone could participate in the auction, including individuals, institutions, and corporations.
Bids were accepted at a minimum of Rs. 100. When it came to promoter right shares, the minimum bid quantity was one crore units, and when it came to regular right shares, the minimum bid quantity was 100 units.