Auction Closing Day of Civil Laghubitta Bittiya Sanstha 11,608 unit promoter and 77,842 units ordinary shares

Sun, Oct 18, 2020 5:38 AM on Latest, Auction,

Civil Laghubitta Bittiya Sanstha Limited (CLBSL) is closing the auction of 11,608 unclaimed promoter shares and 77,842 unclaimed ordinary shares from today.

The company had previously issued the right shares in the ratio 1:1 to its shareholders. 11,41,140 units right shares were issued to shareholders from Shrawan 25.

Century Capital Markets Limited was the issue manager of the right issuance. Issuing a new notice, the company has notified that the unclaimed right shares will be auctioned. The auction for the unclaimed right shares was opened from Ashwin 25 and concludes today ie Kartik 02.

The announcement has notified that 11,608 unclaimed promoter shares and 77,842 unclaimed ordinary shares will be auctioned. While the minimum bid rate is Rs. 100, the minimum bid quantity should be 1,000 units for promoter shares and 100 units for public shares. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Additionally, bidders bidding for the total bid amount totaling more than Rs. 10 lakhs must include their PAN.

The company will raise Rs 11 crore 41 lakh 14 thousand from the issue (claimed right shares and unclaimed right shares auction). Post right share and FY 2075/76 proposed 5% bonus share, the paid-up capital of Civil Laghubitta Bittiya Sanstha will be Rs 23.40 crore.