Last day to bid 4,528 units ordinary shares of Mount Makalu Dev. Bank at Rs 100& above

Investors interested in acquiring shares of Mount Makalu Development Bank (MMDBL) have one more day to file their bids for the auctioned ordinary shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Poush 7, 2073). The development bank has been auctioning its ordinary right share to the general public from Poush 1, 2073. The development bank has been selling 4,528 units ordinary shares after the rights shares issued on Bhadra 16, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 1:1.5. The bid will open to conclude the auction on Poush 8, 2073 at 1:00 PM. 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. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids in the office hour till Poush 7 at NIBL Capital located at Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number K-614494-CL of Kumari Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 730 as on December 7, 2016.