Last day to bid 12,587 auctioned ordinary shares of Kabeli Bikas Bank; LTP at Rs 372

Kabeli Bikas Bank Limited (KEBL) is closing its auction for unclaimed 12,587 units right shares to the general public today (Mangsir 29, 2074). It is selling 12,587 units ordinary shares after the right shares issued on Bhadra 18 to Kartik 15, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 2:1. Around 3.58% shares were unsubscribed. The auction was open from Mangsir 19, 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 development bank has urged interested bidders to submit their bids within banking hour till Mangsir 29, 2074 at Global IME Capital Limited, Jamal, Kathmandu or also in designated branches of Global IME Bank Limited. The investors applying for the auction can deposit the bid amount in the account number 0111010011061 maintained in the name of GICL – BTI Kabeli Rigth 2074 at Global IME Bank, Jamal. KEBL had earned net profit of Rs 2.61 crore in the fourth quarter of the FY 2073/74. Kabeli Bikas Bank had signed an agreement to acquire Mount Makalu Development Bank Limited (MMDBL) in the share swap ratio of 100:88. MMDBL has been issuing 50% right shares from Mangsir 7, 2074. Its last traded price (LTP) stood at Rs 372 as of last trading day. Click here to see announcement: