Barun Hydropower to Auction Unsold Rights Shares from September 14

Kathmandu — Barun Hydropower Company Limited has announced that it will auction its unsold rights shares through a sealed-bid process starting September 14 (Bhadra 29).

The company had earlier issued rights shares at a 1:1 ratio from July 15 (Ashadh 31) to August 19 (Bhadra 3). Out of the total issue, 238,443 units remained unsubscribed, which will now be put up for auction.

The auction is open to individuals, companies, and institutions. Interested bidders must submit their sealed bid applications by September 28 (Ashoj 12). The minimum price has been set at Rs. 100 per share, with investors allowed to bid for at least 100 units and up to the entire lot.

Application forms will be available at RBB Merchant Banking and can also be submitted at various branches of Rastriya Banijya Bank across the country, including Birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur and Khandbari (Sankhuwasabha), and Dharan.