Refunds for Unsuccessful Bidders of Founders' Shares of Hydroelectricity Investment and Development Company Limited (HIDCL) from Monday

Hydroelectricity Investment and Development Company Limited (HIDCL) had invited sealed bids for 16,859,050 founders' shares that were not sold in the previous rights issue. The cut-off price for these founder shares was set at NPR 135 per share.

Key Highlights:

• Cut-off Price: NPR 135 per share.

• Refunds: Those who bid below NPR 135 per share will receive refunds starting from Monday.

• Share Allocation: Applicants who bid above NPR 135 per share will receive shares in their Demat accounts after some time.