Last day to bid for 7.70 lakh units auctioned promoter shares of Jyoti Bikas Bank at Rs 100 & above

Jyoti Bikas Bank Limited (JBBL) is closing its re- auction for 770,047.60 units unclaimed promoter shares today (Shrawan 23, 2074). The bank is selling 770,047.60  units promoter shares after the shares auctioned on Asadh 21 were not fully subscribed by its shareholders. Earlier, the bank had auctioned 28,12,336.60 units auctioned promoter shares. The minimum bid price for the shares is set for Rs 100, which means the bid amount per share should be greater than Rs 100.Existing promoters of the bank and general public can bid for the auctioned promoter shares. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Shrawan 23 at Siddhartha Capital located at Naxal, Kathmandu. The investors applying for the auction can deposit the bid amount in account number 00115255841 maintained in the name Siddhartha Capital at all branches of Siddhartha Bank. Bidders can also apply through a Good for Payment Cheque made in the name of Siddhartha Capital Limited. Jyoti Bikas Bank Limited has earned net profit of Rs 26.18 crore in the fourth quarter of FY 2073/74. The last traded price stood of JBBLPO stood at Rs 164 as of last trading day.