Lumbini Bikas Bank to auction its unsold 3.64 lakh unit right shares from Jestha 25; Bidders can apply for 100 units
Fri, Jun 8, 2018 12:50 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Lumbini Bikas Bank Limited (LBBL) has published a notice regarding the auction of its unsold right shares from Jestha 25,2075 i.e.today till Ashadh 3, 2075.
The auction has been opened for the unsold 3,64,836.44 unit right shares of promoter group.
Vibor Capital has been appointed as the issue manager for the right share auction.
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 shares. Both ordinary and promoter shareholders can apply for the promoter auction share. However, the first priority upon having same price will be given to the promoter shareholders or else to the one who bid at high price.
The bank has urged all bidders to deposit the bid amount in account number 03100120004102000002 maintained in the name of Vibor Capital Limited at Lumbini Bikas Bank Limited.
The Last Traded Price (LTP) of the share of LBBL stands at Rs 149 as on Jestha 24th, 2075.
