Last day to bid for 499 units SDBL shares & 15,825 units PRVU shares auctioned by Jebils Finance

Interested Investors in acquiring the shares of Jebils Finance Limited have one more day to file their bids for the 499 units ordinary shares of Siddhartha Development Bank Limited (SDBL) and 15,825 units ordinary shares of Prabhu Bank Limited (PRVU). Today is the last day to bid for the auction shares i.e. Chaitra 16  and the bids will be opened to conclude the auction on Chaitra 17, 2073 (tomorrow). Jebils Finance Limited has been auctioning 499 units ordinary shares of Siddhartha Development Bank Limited (SDBL) and 15,825 units ordinary shares of Prabhu Bank Limited (PRVU) from  Chaitra 10, 2073. The ordinary shares were used as collateral for taking loans from the finance company, and it is selling them after the loan was defaulted. Applicants should apply for a minimum of 499 shares of SDBL and 15,825 shares of PRVU. Jebils Finance has not set a minimum or maximum cap for the bid price. Interested applicants can collect auction forms from Jebils Finance Limited’s head office at New Road, Kathmandu. The bid must be submitted by 4:00 PM Chaitra 16, 2073. Bidders should apply for the auction through a Good For Payment A/C Payee cheque issued by a class A, B or C financial institution (having branch inside Kathmandu valley) made in the name of Jebils Finance Limited. Bidders can also apply for shares of both SDBL and PRVU through two application forms. The bid will open to conclude the auction on Chaitra 17, 2073 at 3:00 PM and non-allottees will be refunded from Chaitra 20, 2073. The last traded price of SDBL stood at Rs 297 as of March 1, 2017 and that of PRVU stood at Rs 398 as of March 28, 2017.