Century Commercial Bank to auction unsold 2, 89,767 units shares at Rs 100 & above from today; LTP stood Rs. 370

Century Commercial Bank Limited (CCBL) is auctioning its ordinary right shares and promoter right shares to general public from today (Chaitra 5, 2072). According to a notice published by the bank today, it will be selling 1, 41,061 units of ordinary right share and 1, 48,706 units promoter right share after the rights shares issued on Kartik 10 were not fully subscribed by the investors. It had offered right shares in the ratio of 4:1. The auction has started from today and will last till Chatra 11. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. 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 Chaitra 11 at the Civil Capital Market located at Kathmandu Plaza, Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Civil Capital Market Limited and account number 0010001494CA of the Century Commercial Bank. The last trading price of the shares stood at Rs 370 as on March 17, 2016. CCBL had earned net profit of Rs 16.07 crore in the second quarter of the fiscal year 2072/73.