Last day to place your bids for the auctioned right shares of Swadeshi Laghubitta; Application can be placed for minimum 100 units

Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) will be closing its auction for 62,005 units unsold right shares today.

The microfinance company has been selling 62,005 unit ordinary shares. NIC Asia Captial has been appointed as the issue manager for the auction of the shares.

The microfinance company has urged the interested bidders to place their bids for minimum 100 units. The minimum bid price has been set as Rs 100 i.e. the bids must be placed above Rs 100 per unit.

The interested bidders can deposit the entire bid amount in the A/C no 5444445102552401 of NIC Asia Bank in the name of NIC Captial Limited. The application forms for the auction can be collected through NIC Asia capital or through the designated branches of Swadeshi Laghubitta.

SDESI had issued 100% right shares for its shareholders which will raise its paid-up capital to Rs 23 crore after adjustment.