Last day to bid Kanchan Dev. Bank 7,046 units auction ordinary shares, LTP stood Rs 390

Interested investors in acquiring the shares of Kanchan Development Bank Limited (KADBL) have one more day to file their bids for the ordinary right shares. Today is the last day to bid for the auction shares i.e. Falgun 6, 2072 till 3:00 PM and the bids will be opened to conclude the auction on Falgun 9, 2072. The development bank was selling 7,046 units of ordinary right share after the rights shares issued on Poush 9, 2072 were not fully subscribed by the investors. It had offered right shares in the ratio of 4:1. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Global IME Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till today at the Global IME Capital located at Rastriya Nach Ghar, Third Floor Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010000408CC of Global IME Capital Limited at Citizens Bank International Limited. The last trading price of the shares stood at Rs 390 as on February 17, 2016.