Karnali Development Bank to auction its unsold 17.62 lakh unit right shares from today; Bidders can apply for 100 units in promoters group and in ordinary group

Karnali Development Bank has published a notice regarding the auction of its unsold right shares from Baisakh 31 i.e today.

The development bank is floating 17,62,188 unit right shares for the shareholders. The auction will open, for the unsold 14,61,270 unit right shares of promoter group and 3,00,918 unit right shares of ordinary shareholders group.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Only the existing promoters can apply for the right shares of the promoters group. Interested bidders must bid for a minimum of 100 unit shares in the promoters group and 100 units in the ordinary group.

Prabhu Capital Limited has been appointed as the issue manager for the auction. The bidders can collect the forms from Prabhu Capital Limited or from the designated branches of Karnali Development Bank.

The development bank has urged the bidders to deposit the bid amount in A/C No 13511600631816000006 in Prabhu Bank Limited in the name of Prabhu Capital Limited or through Good for Payment Cheque.