Last day to bid 2, 89,767 units auction shares of Century Commercial Bank, LTP stood Rs 378, Bid opens tomorrow

Interested investors in acquiring the shares of Century Commercial Bank Limited (CCBL) have one more day to file their bids for the promoter and ordinary right shares. Today is the last day to bid for the auction shares i.e. Chaitra 11 till 3:00 PM and the bids will be opened to conclude the auction tomorrow (Chaitra 12, 2072) at 12:00 PM. The bank was selling 1, 41,061 units of ordinary right share and 1, 48,706 units promoter right share after the rights shares issued on Kartik 10 were not fully subscribed by the investors. It had offered right shares in the ratio of 4:1. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Civil Capital Market 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 at the Civil Capital Market located at Kathmandu Plaza, Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Civil Capital Market Limited and account number 0010001494CA of the Century Commercial Bank. The last trading price of the shares stood at Rs 378 as on March 23, 2016. CCBL had earned net profit of Rs 16.07 crore in the second quarter of the fiscal year 2072/73.