Barun Hydropower’s Unsold Right Shares on Auction; Only 2 Days Left

Barun Hydropower Company Limited has announced the ongoing auction of its unsold right shares through a sealed-bid (closed tender) process. The company has put up 238,443 units of ordinary shares for sale to interested individuals, companies, and institutions.

The auction period began on Bhadra 29, 2082 and will close on Ashwin 12, 2082. Now, only 2 days remain for interested applicants to submit their bids. The minimum bid price has been set at Rs. 100 per share.

Bid application forms are available at RBB Merchant Banking Limited, Teku, Kathmandu, as well as at various branches of Rastriya Banijya Bank across the country (including Birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Surkhet, Dhangadhi, Biratnagar, Pokhara, and others).

According to the issue manager RBB Merchant Banking Limited, all collected bids will be opened later on a date, time, and venue to be announced publicly through a national daily newspaper.

With this auction, new institutional and individual investors are expected to enter the company’s ownership structure.