Civic Dev Bank auctioning 5,113 units of unsubscribed rights shares; bidding opens from today

ShareSansar, October 12:

Civic Development Bank Ltd has opened the bidding of its 5,113 units of ordinary rights shares which was unsubscribed by its shareholders.

As per the provision related to the issuance of securities of Nepal Rastra Bank, it is seeling its 5,113 units through public auction after those shares were left unsubscribed by the shareholders.

The bank had issued 4:1 ratio rights shares earlier on Shrawn.
 
The bank has set Rs 100 as the minimum bidding price of the share. According to the notice from the bank, interested investors can apply minimum units of shares while they can bid a maximum unit that is multiplied by 10.

The bidding will remain opened till Kartik 2.

Civil Capital Market Ltd is the share registrar of the bank. Investors can send the sealed bidding at the Civil Capital Market Ltd, Kathmandu Plaza within the deadline.

Headquartered at Dhading, the bank’s net profit increased to Rs 97.68 lakh by the quarter end of the last fiscal year 2070/71 from Rs 42.53 lakh in the corresponding quarter of the previous fiscal year 2069/70.