Guheswori Merchant to auction unsold 28,289.50 units ordinary shares at Rs 100 & above from Poush 20; LTP at Rs 278

Guheswori Merchant Banking and Finance Limited (GMFIL) will be auctioning its ordinary right share to the general public from Poush 20, 2073. As per the notice published by the finance company today, the company will be selling 28,289.50 units ordinary shares after the rights shares issued on Ashwin 21, 2073 were not fully subscribed by the investors. The finance company had offered right shares at the ratio of 2:1. The auction will last till Poush 25, 2073. The bid will open to conclude the auction on Poush 26, 2073 at 3:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. The finance company has urged interested bidders to submit their bids by 3:00 PM till Poush 25 at the Head office of NIBl Capital Markets Limited located at Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of NIBL Capital Markets Limited K-614492-CL of Kumari Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 278 as on December 19, 2016. Guheswori Merchant Banking and Finance will be holding its 15^th Annual General Meeting (AGM) on Poush 22, 2073. The AGM will be endorsing 12% bonus shares to its shareholders.