Green Development Bank’s auction for 3.37 lakh unit promoter right shares to begin from today; Bidders can apply for a minimum 1,000 unit of shares
Sun, Jun 17, 2018 1:57 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Green Development Bank Limited (GRDBL) will be auctioning its 3,37,500 unit unsold right shares of promoters group from Ashadh 03, 2075 i.e.today till Ashadh 10, 2075.
Laxmi Capital has been appointed as the issue manager for the auction of the shares.
The interested bidders can place bids for a minimum 1,000 unit right shares. The minimum bid price of the shares have been set at Rs 100 i.e. the bidders should place their bids above Rs 100.
The development bank has urged the bidders to deposit bid amount in A/C no 00534010672 in Laxmi Bank Limited or A/C no 00121200004942000001 in Green Development Bank Limited in the name of Laxmi Capital Market Limited.
The development bank had floated the unsold right shares in auction however no applications were received for the shares of promoters group.
GRDBL had issued 400% right shares for its shareholders. After the adjustment of the right shares, its paid up capital will reach Rs 50 crore with promoter and public holding at 55% and 45% respectively.
