Auction of right shares of Hydroelectricity Investment and Development Company (HIDCL) by Ashwin 07
HIDCL (Hydroelectricity Investment and Development Company) is selling its right to the company’s shares. During the rights issue, a certain quantity of shares failed to be claimed by the eligible shareholders. During the week of 7th – 14th Ashwin, an auction will be held.
Auctioned will be 3,300,00000 shares with promoter rights and 32,29,794 shares with ordinary rights. A single individual, an institution, or a company may bid at the auction.
Bids must be at least 100 rupees. For promoter right shares, the minimum bid quantity is 1 crore units and for ordinary right shares, it is 100 units.
The auction will be managed by Global IME Capital.