Last day to bid 1,80,378 units ordinary shares of Deprosc Development Bank at Rs 1200 and above

Nepal Bank Limited (NBL) is closing its auction for 1,80,378 units of ordinary shares of Deprosc Development Bank Limited (DDBL). The commercial bank has stated the minimum bid amount at Rs 1,200. The interested applicants must bid for a minimum of 100 units of the share and they can apply for up to 1,80,378 units share. The auction was started from Bhadra 15, 2074. The sealed bids will be open on Ashwin 6, 2074 at 7:00 AM. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till today (Ashwin 4, 2074) at the Siddhartha Capital Limited located at Naxal, Kathmandu. Interested bidders can collect auction forms from Siddhartha Capital Limited, Naxal, Kathmandu Bid amount must be deposited in the account name of Siddhartha Capital Limited maintained at Siddhartha Bank Limited, Hattisar, Kathmandu in the account number 00115207281. Also, the Good for Payement Cheque/ Manager’s Cheque or the original copy of the draft can be attached to the closed bid application in the name of Siddhartha Capital Limited. The last traded price (LTP) of DDBL stands at Rs 1,300 as on September 18, 2017.