Century Bank auctioning unsold 2.52 lakh units’ promoter shares and 2.08 lakh units’ ordinary shares from today till Mangsir 12; LTP stood Rs 429

Century Commercial Bank Limited (CCBL) is auctioning its ordinary right shares and promoter right share to the general public from today (Kartik 28, 2073). The bank is selling 2,52,908 units of promoter right share and 2,08,337 units ordinary share after the rights shares issued on Bhadra  5, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 10:3. The auction will last till Mangsir 12, 2073. The bid will open to conclude the auction on Mangsir 13, 2073 at 12:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. Civil Capital Market Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Mangsir 12 at the Civil Capital located at Kamladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010001494CA of Century Commercial Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 429 as on November 8, 2016.