The Hydroelectricity Investment and Development Company Limited (HIDCL) is selling its right shares through an auction process. This is the amount of the rights issue that was not claimed by eligible shareholders. The auction has begun today, on the 7th Ashwin, and will conclude on the 14th Ashwin, both days being Ashwin.
The company is auctioning off 3,300,00000 units of promoter right shares and 32,29,794 units of ordinary right shares. Individuals, institutions, and businesses are all entitled to place bids in the upcoming auction.
The lowest possible bid price is Rs. 100. While bidding on promoter right shares, the minimum bid quantity is one crore units; when bidding on regular right shares, the minimum bid quantity is one hundred units.
In connection with the auction, Global IME
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