Kabeli Bikas Bank’s auction for 45,351 unit promoter right shares to begin from today; Bidders can bid for a minimum of 100 units
Tue, Apr 10, 2018 1:10 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
The auction for 45,351 unit promoter right shares of Kabeli Bikas Bank will start from today. The auction will last till Baisakh 4, 2075.
Global IME Capital has been appointed as the issue manager for the auction.
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 shares and the shares applied for should be a multiple of 10.
The bank has urged the interested bidders to submit their bids within banking hour till Baisakh 4, 2075.
The investors applying for the auction can deposit the bid amount in the account number 0111010011061 GICL-BTI Kabeli Right 2074 maintained in the name of Global IME Capital at Global IME Bank or can apply by issuing Good For Payment cheque.
After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 10.52 crore from the existing Rs 7.01 crore. The bank has authorized capital of 25 crore.
The development bank has acquired Mount Makalu Development Bank recently.
