Auction Overview:
Khani Khola Hydropower Company Limited (KKHC) officially opened the bids for its unsold right shares auction on 25th Kartik, 2082. The auction was managed by Citizens Capital Limited, with the bidding process held at its premises in Dillibazar, Kathmandu, starting at 9:00 AM.

Auction Details:
The auction had been open from 12th Kartik to 19th Kartik, 2082, concluding at the end of banking hours. A total of 4,59,349 units of ordinary right shares were offered for auction. Both individual and institutional investors were eligible to participate in the bidding process.

Background and Eligibility:
These shares represent the unclaimed portion of KKHC’s 1:1 right share issue, which was previously open to shareholders from 3rd Bhadra to 5th Ashwin, 2082.
The minimum bid rate for the auction was set at Rs. 100 per share, with a minimum bid quantity of 100 units. There was no upper limit on bidding quantity; however, participants were required to comply with regulatory restrictions on maximum shareholding per entity.

Participation and Bidding Results:
According to Citizens Capital Limited, a total of 657 applications were received for the ordinary right shares. The tentative cut-off rate has been reported at Rs. 210 per share, though this may be adjusted after cheque reconciliation and clearance.

Market Standing:
As of the latest data, the last traded price (LTP) of KKHC shares stands at Rs. 248.00 per share, indicating continued investor confidence and healthy demand in the secondary market.