Cut off price for Sewa Bikas auctioned promoters’ shares set at Rs 126

ShareSanar, March 2:

Sewa Bikas Bank Limited (SBBL) had opened the bids for its auctioned promoter shares on March 2 (yesterday).
Out of a total of 47,613 unclaimed promoter shares only 23,890 units of shares were taken up by the promoters of the bank.  

The remaining 23,723 units were then opened for bidding among general public on February 27.

An official with NMB Capital Limited, which managed the auction of the shares, informed that the cutoff price for the promoter shares was set at Rs 126. The highest bid amount for the shares was Rs 180. Only 20 applicants had applied for the promoters’ share.

The last trading price of the shares stood at Rs 330 per share at yesterday’s market closing time.


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