Last day to bid unsold 4.84 lakh units shares of Prime Commercial at Rs 100& above

Interested investors acquiring shares of Prime Commercial Bank Limited (PCBL) have one more day to file their bids for the auctioned promoter and ordinary shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Poush 3, 2073). The bank had extended its auction closing date as per the direction of Securities Board of Nepal (SEBON). Earlier the closing date was set on Mangsir 29, 2073. The bank has been auctioning 52,045 units promoter share and 4, 32, 649 units ordinary shares to the general public from Mangsir 14, 2073. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. Civil Capital Market Limited is the issue manager for this auction. The investors applying for the auction can deposit the bid amount in the account number 00104791 (Civil Capital Market PCBL R/S) of Prime Commercial Bank located at Newroad. Prime Commercial Bank had recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL). Its Last Traded Price (LTP) stood at Rs 520 as on December 15, 2016.