Bhargav Bikas Bank to re-auction its unsold 6.67 lakh unit unsold right shares from Ashadh 17; Bidders can place bids for 1,000 unit shares
Sun, Jun 24, 2018 4:40 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Bhargav Bikas Bank (BHBL) is re-auctioning the unsold promoter right share from Ashadh 17, 2075. The development bank will be issuing 6,67,706 unit shares of promoters group for the general public. The auction will be closed on Ashadh 24, 2075.
NMB Capital has been appointed as the issue manager for the right share issuance. The interested bidders can apply for the right shares through any designated branches of NMB Capital or Bhargav Bikas Bank.
The bank has urged the interested bidders to deposit the entire bid amount in the in A/C no 00130600054010000202 of NMB Bank in the name of NMBCL-RIGHT BBBL 2073/74 or in the A/C no 0010017451700001of Kumari Bank Limited in the name of NMBCL-RIGHT BBL 2074/75.
The bidders can place their bids for a minimum 1,000 unit shares for Rs 100 per unit.The bidders can place bids for all the issued uits of shares.
The bank had issued 80% right shares worth Rs 21.12 crore. After the capitalization of 80% right shares, the paid-up capital of the bank will reach Rs 47.52 crore.
