Kailash Bikas Bank extends 73,554 units auction closing date till Jestha 4

Kailash Bikas Bank Limited (KBBL) has published a notice regarding extension of auction closing date. The closing date of the auction has been extended to Jestha 4, 2073. Earlier the closing date was set on Baisakh 28, 2073 Kailash Bikas Bank has been auctioning its unclaimed 62,573 units ordinary and 10,981 units promoter right shares to the general public from Baisakh 20, 2074. 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. Global IME Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Baisakh 28, 2074 at Global IME Capital Limited, Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 5444463732524001 maintained in the name of Global IME Capital Limited at NIC Asia Bank. Bidders can also apply through a Good For Payment cheque made in the name of Global IME Capital Limited KKBL has earned net profit of Rs. 26.38 crore in the second quarter of the fiscal year 2073/74. Its last traded price stands at Rs 355 as of yesterday (May 8, 2017).