Last day to bid Progressive Finance 402,776 units auction shares at Rs 100 & above; LTP stood at Rs 161

Interested Investors in acquiring the shares of Progressive Finance Company Limited (PROFL) have one more day to file their bids for the auctioned promoter and ordinary right shares. The deadline for submitting sealed bids for the auctioned shares is closing today (Ashwin 7) and the bids will be opened to conclude the auction tomorrow ( Ashwin 8, 2072) . Progressive Finance is auctioning its 84,276 units ordinary right shares and 3, 18,500 units promoter right shares to the general public from Ashwin 1, 2072. Growmore Merchant Banker limited is the issue manager for this auction. The Finance company has urged the interested bidders to submit their bids by 3:00 PM today at the Growmore Merchant Banker Limited located at Durbarmarg, Kathmandu. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. The investors applying for the auction can deposit the bid amount in the account number 00201102200033 of the Everest Bank Limited. The Last traded price of PROFL stood at Rs 161 as on September 23.