Civil Bank allotted 2.07 crore unit right shares on Falgun 14; around 20.43% unclaimed shares to be auctioned from Falgun 23

Civil Bank Limited (CBL) has allotted right shares to its shareholders on Falgun 14, 2074. As per the notice published by the bank today, 1,65,01,928 unit shares at a face value of Rs 100 per share worth Rs 1.65 arba were allotted to the shareholders. It had issued right shares from Mangsir 22 to Poush 27, 2074 in the ratio of 10:4 (40%). However, the closing date was extended till Magh 12, 2074. Laxmi Capital Market Limited was the issue manager for the right issue. Its LTP stood at Rs 171 as of last trading day. See the notice of the allotment here Civil Bank Limited (CBL) will be auctioning 32,44,600.25 units promoter shares and 9,94,358.50 units ordinary shares after the right shares issued were not fully subscribed by its shareholders. The auction will last till Chaitra 1, 2074. See the detailed news of auction here