Civil Bank to auction 17.53 lakh units promoter shares; Bid opens from Baisakh 26th till Jestha 9th, 2076

Civil Bank (CBL) published a notice today regarding the auction of promoter shares of the bank. According to the notice, bank will be auctioning 17,53,594 units promoter shares from Baisakh 26th, 2076. The interested investors can submit the sealed bid till Jestha 09th, 2076.

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 2 lakh 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 youy 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.

Since the book closure for cash and bonus dividend for FY 2073/74 and FY 2074/75 have already been carried out, the new shareholders won't be eligible for it.