Auction Sale of Unsubscribed Rights Shares of Aankhukhola Hydropower Open

Aankhukhola Hydropower has opened the auction sale of unsubscribed rights shares starting from Ashwin 11 (September 27). Previously, the company had issued 12 million rights shares at a 1:1.50 ratio, equivalent to 150% of the existing shares, from Shrawan 27 (August 11) to Bhadra 16 (September 1). However, only 10,249,752 shares were subscribed, leaving 1,750,248 shares available for auction.

Auction Sale Dates: From Ashwin 11 to Ashwin 20 (September 27 to October 6)
Sale Manager: Nabil Investment Banking Limited
Application Locations:

• Within Kathmandu: Nabil Investment’s office, Naxal

• Outside Kathmandu: Nabil Bank branches in Birtamod, Birgunj, Hetauda, Jawalakhel, Lakeside Pokhara, Nepalgunj, Barahatal Surkhet, and Dhangadhi

Application Process:

• Minimum Application: 100 shares

• Maximum Application: All remaining shares

• Minimum Price: NPR 100 per share

• Share Allocation: Priority will be given to the highest bidders.

Interested investors must bid at a minimum price of NPR 100 per share. The shares will be allotted to those who bid the highest price. This auction will remain open until Ashwin 20 (October 6).