Last day to bid 1.58 lakh units unclaimed right shares of Siddhartha Bank at Rs 100 and above

Siddhartha Bank Limited (SBL) has been auctioning its unsold ordinary right share to the general public from Magh 11, 2073 and today (Magh 17, 2073) is the last day for the same. The bank is selling 1,58,517.90 units ordinary shares after the rights shares issued on Kartik 11, 2073 were not fully subscribed by the investors. The bank had offered right shares in the ratio of 4:1. Siddhartha Capital Limited is the issue manager for this auction. The bid will open to conclude the auction on Magh 18, 2073 at 3:00 PM. The auction will open at the premises of Siddhartha Capital Limited, Anamnagar, Kathmandu. As per the company secretary of SBL, the auction allottees are also eligible for the proposed 39% bonus shares for the FY 2072/73. The book closure for bonus share and its upcoming AGM is on Magh 20, 2073, two days after the bid opening day. 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 bank has urged interested bidders to submit their bids by 3:00 PM till Magh 17 at Siddhartha Capital located at Anamnagar, Kathmandu or Siddhartha Bank Limited, Central Office located at Hattisar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115207281 (Siddhartha Capital Limited) of Siddhartha Bank Limited or Siddhartha Bank Limited (A/c No: 290100901). Siddhartha Bank Limited has earned Rs 74.94 crore up to the second quarter of the fiscal year 2073/74. Its last trading price stood at Rs 950 as of January 26, 2017.