Kathmandu. People’s Power Limited is going to sell the undistributed right shares through the auction process. The company is going to auction the shares that have not been applied for the right shares issued from July 28 to July 15.

The company is going to sell 391,779 units of undistributed right shares. The company will have to submit a sealed bid for the purchase of shares from September 15 to September 15.

The company’s share price has been fixed at a minimum of Rs 100. Investors will have to submit a sealed bid with a price of that or more. Investors will have to apply for a minimum of 100 units and there is no limit for the maximum number of shares.

Prabhu Capital Limited is the issue manager of the company. Investors can apply from prabhu bank’s biratnagar, Birgunj, Hetauda, Pokhara, Butwal, Surkhet and Dhangadhi branch offices.