1.95 lakh units of Bhargav Bikash Bank’s ordinary shares to be auctioned

ShareSansar, June 2:

NMB Capital Limited has invited closed bids to auction 195,500 units of ordinary shares of Bhargav Bikash Bank Limited.

Issuing a notice today, the merchant banker has stated that the interested bidders must submit the bids by June 9 for the auction to NMB Capital’s office at Babar Mahal in Kathamdnu, and that they must quote a minimum price of Rs 125 per unit.

Bhargav’s ordinary share was traded for Rs 117 yesterday.

NMB Capital has further stated that the applicants can bid for a minimum of 1,000 units and maximum of 150,000 units.

The bidders must also deposit 10 percent of the bid amount in advance in the account of NMB Bank Limited at Babar Mahal.

The bids will be opened at 11:00 AM on June 10 at the office NMB Capital, and will be duly allotted on June 13.