Last day to bid 3.57 lakh units auctioned shares of Triveni Bikas Bank at Rs 100 & above

Interested investors acquiring the shares of Triveni Bikas Bank Limited (TBBL) have one more day to file their bids for the auctioned ordinary and promoter right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Magh 20, 2073) and the bids will be opened to conclude the auction on Magh 21, 2073. Triveni Bikas Bank has been auctioning its ordinary and promoter right share to the general public from Magh 13, 2073. The development bank has been selling 2,29,143.45 units ordinary shares and 1,28,916.97 promoter shares after the rights shares issued on Kartik 23, 2073 were not fully subscribed by the shareholders. The bank had offered right shares in the ratio of 2:1. The bank has urged interested bidders to submit their bids by office hours till today at Ace Capital Limited located at Laldurbar, Kathmandu or at head office of Triveni Bikas Bank Limited, Thapathali, Kathmandu. Ace Capital Limited is the issue manager for this auction. Investors applying for the auction can deposit the bid amount in the account number 0011043901CA2 in the name of Ace Capital Limited at Ace Development Bank Limited, Kathmandu or in the account number 025-966424401 in the name of Triveni Bikas Bank Limited. Triveni Bikas Bank Limited has earned Rs 11.15 crore in the second quarter of the fiscal year 2073/74. Its Last Trading Price (LTP) stood at Rs 346 as on October 27, 2016. Triveni Bikas Bank Limited is in process of merger with Janata Bank Nepal Limited. The swap ratio for the merger is fixed at 1:1.