Last day to apply for the auctioned 3.64 lakh unit promoter right shares of Lumbini Bikas Bank

Today is the closing day for the auction of  unsold 3,64,836.44 unit right shares of promoter group of Lumbini Bikas Bank Limited (LBBL).

Vibor Capital has been appointed as the issue manager for the right share 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. Both ordinary and promoter shareholders can apply for the promoter auction share. However, the first priority upon having same price will be given to the promoter shareholders or else to the one who bid at high price.

The bank has urged all bidders to deposit the bid amount in account number 03100120004102000002 maintained in the name of Vibor Capital Limited at Lumbini Bikas Bank Limited.

The Last Traded Price (LTP) stands at Rs 146 as on Ashadh 07, 2075.