Last day to bid for unclaimed right shares of Nepal Bangladesh Bank & Siddhartha Development Bank

Nepal Bangladesh Bank Limited (NBB) and Siddhartha Development Bank Limited (SDBL) are closing their auction of unsold right shares to the general public today (Ashad 21, 2074). Nepal Bangladesh Bank Limited (NBB) is selling 9,68,609.80 units ordinary share and 19,511 units promoter share after the rights shares issued on Baisakh 7, 2074 were not fully subscribed by the shareholders. The bank had offered 32,094,069 right shares in the ratio of 10:8. Around 3% of right shares issued by NBB were not claimed by its shareholders. Global IME Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Ashad 21 at the Global IME Capital located at Jamal, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name Global IME Capital Limited and account number 001246651C of Nepal Bangladesh Bank Limited. Bidders can also apply through a Good for Payment cheque made in the name of Global IME Capital. Its last traded price stood at Rs 393 as of yesterday (July 4, 2017).   Likewise, Siddhartha Development Bank Limited (SDBL) is selling 4,05,888.45 units promoter shares and 4,51,548.56 ordinary right shares The development bank is selling the shares after 8,515,006 units right shares issued on Baisakh 7, 2074 were not fully subscribed by its shareholders. SDBL had offered right shares in the ratio 10:6. Around 10.06% of the total issue was unclaimed by its shareholders. Nabil Investment Banking Limited is the issue manager for the auction Applicants can collect bid forms from Nabil Investment Banking Limited, Naxal, Kathmandu. The bank has urged interested bidders to deposit the bid amount within banking hours on Ashad 21, 2074 in the account number 3506017500006 maintained in the name Nabil Investment Banking Limited in Nabil Bank Limited, Kathmandu. Its LTP stood at Rs 297 (pending to be adjusted to Rs 223 for 60% right share).