Bhargav Bikas Bank to sell its unsold 7.53 lakh unit right shares through auction; Auction for unsubscribed 35.65% to begin from Jestha 03
Thu, May 10, 2018 3:18 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Bhargav Bikas Bank Limited (BHBL) has published a notice regarding the auction of its unsold right shares from Jestha 03. The auction for 7,53,370 unit shares will end on Jestha 10, 2075 which includes 6,67,706 unit promoter shares and 85,664 unit ordinary shares.
The interested bidders can place bid for minimum of 100 unit shares for both groups whereas only the existing promoters can bid for the promoter shares. The minimum bid price for the auction has been set as Rs 100 i.e. the bidders should place their bids above Rs 100.
NMB Capital Limited has been appointed as the issue manager for the auction.
The bank has urged the bidders to deposit their entire bid amount in the A/C No. 00130600054010000202 of NMB Bank Limited in the name of NMBCL-RIGHTBBBL 2073/74 or in A/c No 0010017451700001 of Kumari Bank Limited in the name of NMBCL-RIGHT BBBL 2073/74.
The bank had issued 80% right shares worth Rs 21.12 crore. After the issuance of 80% right shares, the paid-up capital of the bank will reach Rs 47.52 crore.
The Last Traded Price (LTP) of the shares of BHBL stand at Rs 150.
