Last day to bid 3,889 units’ promoter right share of Jhimruk Bikas bank

Interested investors acquiring the shares of Jhimruk Bikas Bank Limited have one more day to file their bids for the auctioned promoter right shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Shrawan 31, 2073) and the bids will be opened to conclude the auction on Shrawan 32, 2073(tomorrow) at 4:00 PM. Jhimruk Bikas Bank has been auctioning 3,889 units of promoter right share after the rights shares issued on Chaitra 17, 2072 were not fully subscribed by the investors. 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 or maximum they can apply digit that can be divided by 10. Prabhu 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 at the Prabhu Capital Limited located at Durbarmarg, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Prabhu Capital Limited and account number 02811600631816000001of Prabhu Bank Limited located at Newroad, Kathmandu. JHBL has earned net profit of Rs. 1.87 crore in the fourth quarter of the fiscal year 2072/73. Nepal Rastra Bank had given final approval for the merger of Jyoti Bikas Bank Limited and Jhimruk Bikas Bank Bank Limited on Shrawan 19, 2073. The joint transaction of both development banks started from Shrawan 28, 2073 as Jyoti Bikas Bank Limited.