Civil Bank closing auction of 12.82 lakh unit promoter shares from today; applications can be placed for minimum 10,000 units
Civil Bank Limited (CBL) is closing the auction of 12,82,881 units promoter shares from today (Bhadra 16, 2076). This auction issue was opened since Bhadra 2, 2076. The interested investors can submit the sealed bid till banking hour today.
The issued shares have a face value of Rs 100 and any bid places should be equal to or above Rs 100. The existing promoters of the bank and other individuals, company and institutions eligible to be promoter of BFIs can bid for the auction.
The bid forms are available for Civil Capital Markets Limited, Sundhara, Kathmandu. The form should clearly mention the number of shares and the rate that you are offering per unit of shares.
The investors can apply for a minimum of 10,000 units and there is no limit for maximum bidding. However, the applied units should not exceed the limit mandated by Nepal Rastra Bank (NRB).The applied units should be in whole number i.e you can apply for fractions.
The bid envelope should be marked with "Civil Bank Limited's Promoter Share Purchase Application". Investors can pay by Good for payment cheque.
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