Kabeli Bikas Bank to auction unclaimed 12,587 units shares at Rs 100 & above from Mangsir 19; LTP at Rs 300

Kabeli Bikas Bank Limited (KEBL) will be auctioning its unclaimed 12,587 units right shares to the general public from Mangsir 19, 2074. As per the notice published by the development bank today, it is selling 12,587 units ordinary shares after the right shares issued on Bhadra 18 to Kartik 15, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 2:1. Around 3.58% shares were unsubscribed. The auction will last till Mangsir 29, 2074. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of shares. Global IME Capital Limited is the issue manager for this auction. The development bank has urged interested bidders to submit their bids within banking hour till Mangsir 29, 2074 at Global IME Capital Limited, Jamal, Kathmandu or also in designated branches of Global IME Bank Limited. The investors applying for the auction can deposit the bid amount in the account number 0111010011061 maintained in the name of GICL – BTI Kabeli Rigth 2074 at Global IME Bank, Jamal. KEBL had earned net profit of Rs 2.61 crore in the fourth quarter of the FY 2073/74. Kabeli Bikas Bank had signed an agreement to acquire Mount Makalu Development Bank Limited (MMDBL). MMDBL has been issuing 50% right shares from Mangsir 7, 2074. Its last traded price (LTP) stood at Rs 300 as of last trading day. Click here to see announcement: