Auction for 20.20 lakh unit right shares of Deva Bikas Bank closes today; Minimum Bid price set at Rs 100 per unit

Today is the last day to apply for the auctioned right shares of Deva Bikas Bank Limited (DBBL).

The auction has been opened for the unsold 14,79,264.88 unit right shares of promoter group and 5,40,794.71 unit right shares of ordinary shareholders group.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Only the existing promoters can apply for the right shares of the promoters group. Interested bidders must bid for a minimum of 1,000 unit shares in the promoters group and 100 units in the ordinary group.

NIBL Ace Capital Limited has been appointed as the issue manager for the auction. The bidders can collect the forms from NIBL Ace Capital or from the designated branches of Deva Bikas Bank.

The bank has urged the bidders to deposit the bid amount in A/C No 0124524617070011 in Kumari Bank Limited in the name of NIBL Ace Capital or through Good for Payment Cheque.

DBBL has earned net profit of Rs 20.23 crore up to the end of third quarter of FY 2074/75.