Barun Hydropower to Auction 238,443 Unsubscribed Rights Shares from Bhadra 29

Barun Hydropower Limited (BARUN) has announced plans to auction its 238,443 unsubscribed rights shares through a sealed-bid process. These shares remained unsold after the company’s 1:1 rights offering, which was open from Ashadh 31 to Bhadra 3, 2082.

The auction will be conducted between Bhadra 29 and Ashwin 12, 2082. Interested investors must submit sealed bids within this timeframe.

The minimum bid price is NPR 100 per share, with investors required to apply for at least 100 units. There is no upper limit on the maximum number of shares an applicant can bid for.

The auction is being managed by Nabil Merchant Banking Limited, and applications can also be submitted through designated branches of Rastriya Banijya Bank, including Birgunj (Parsa), Janakpur (Dhanusha), Narayangadh (Chitwan), Baglung, Butwal (Rupandehi), Nepalgunj (Banke), Surkhet, Dhangadhi (Kailali), Birtamod (Jhapa), Hetauda (Makwanpur), Tulsipur (Dang), Mahendranagar (Kanchanpur), Chainpur (Sankhuwasabha), Khandbari (Sankhuwasabha), and Dharan (Sunsari).

The proceeds from the auction are expected to help strengthen the company’s capital base and support ongoing operations in the hydropower sector.