Last day to bid for auctioned promoter shares of Civil Bank; 20.30 Lakh units being auctioned

Tue, Dec 24, 2019 11:00 AM on Auction, Latest, Stock Market,
Last day t...

Civil Bank Limited (CBL) is auctioning 2,030,059 units of promoter shares from Mangsir 24, 2076. The interested investors can submit the sealed bid till Poush 8, 2076 i.e today till banking hour.

The issued shares have a face value of Rs.100 and any bid places should be equal to or above Rs.100. The existing promoters of the bank and other individuals, company and institutions eligible to be promoter of BFIs can bid for the auction.

The bid forms are available at Civil Capital Markets Limited, Sundhara, Kathmandu for Rs.100 per form. The form should clearly mention the number of shares and the rate that you are offering per unit of shares.

The investors can apply for a minimum of 10,000 units and there is no limit for maximum bidding. However, the applied units should not exceed the limit mandated by Nepal Rastra Bank (NRB). The applied units should be in the whole number.

The bid envelope should be marked with "Civil Bank Limited's Promoter Share Purchase Application". Investors can pay by Good for payment cheque.