Last day to bid 46,361.25 units ordinary shares of Manaslu Bikas Bank at Rs 100 & above

Investors interested in acquiring shares of Manaslu Bikas Bank Limited (MSBBL) 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 19, 2073). Manaslu Bikas Bank has been auctioning its ordinary right share to the general public from Poush 11, 2073. The bank has been selling 46,361.25 units ordinary share after the rights shares issued on Shrawan 23, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The bid will open to conclude the auction tomorrow (Poush 20, 2073) at 11:00 AM. 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. Prabhu Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 2:30 PM till today at the Prabhu Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 13511600631816000005 of Prabhu Bank Limited head office located at Newroad, Kathmandu. Its last traded price stood at Rs 498 as on October 4, 2016. Manaslu Bikas Bank had earned net profit of Rs 1.31 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Om Development Bank Limited (ODBL) and Manaslu Bikas Bank have signed a Memorandum of Understanding (MOU) for merger process on Ashwin 21, 2073. The trading of Manaslu Bikas Bank has been halted in Nepal Stock Exchange Limited (NEPSE)