2 bidders allotted 499 units SDBL shares & 15,825 units PRVU shares at Rs 340 & Rs 351 respectively

Jebils Finance Limited had auctioned 499 units ordinary shares of Siddhartha Development Bank Limited (SDBL) and 15,825 units ordinary shares of Prabhu Bank Limited (PRVU) from Chaitra 10 to Chaitra 16, 2073. The ordinary shares were used as collateral for taking loans from the finance company, and it had auctioned them after the loan was defaulted. As per an official of Jebils Finance, the highest bid price received for SDBL shares was Rs 340 and that for PRVU was Rs 351 per share. One applicant each was allotted the shares. A total of 14 applicants had submitted the bids. Applicants had applied as low as Rs 189 per share for SDBL and Rs 305.10 per share for PRVU. The last traded price of SDBL stood at Rs 297 as of March 1, 2017 and that of PRVU stood at Rs 386 as of March 30, 2017.