Last day to bid Western Dev. Bank 2.25 lakh units auction shares; LTP stood Rs 353

Investors interested in acquiring the shares of Western Development Bank Limited (WDBL) have one more day to file their bids for the ordinary and promoter right shares. Today is the last day to bid for the auction shares i.e. Chaitra 21 till 3:00 PM and the bids will be open to conclude the auction on Chaitra 24, 2073. Western Development Bank is auctioning 1,63,501 units promoter shares and 62,134 units ordinary shares after the right shares issued on Mangsir 22, 2073 were not fully subscribed by its shareholders. The bank had offered right shares at the ratio of 1:1. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. The number of shares applied must be a multiple of 10. Prabhu Capital Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Chaitra 21 at Prabhu Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the name of Global IME Capital Limited in account number 13511600631816000006 of Prabhu Bank Limited located at Kamaladi, Kathmandu. Its last traded price stood at Rs 353 as on April 2, 2017.