Manaslu Bikas Bank republishes auction notice of unsold 46,361.25 unit ordinary shares at Rs 100 & above from Poush 11

Manaslu Bikas Bank Limited (MSBBL) will be auctioning its ordinary right share to the general public from Poush 11, 2073. Earlier, the company had published an auction notice. As, 46,361.25 units ordinary shares were not fully subscribed by the investors so, the company have published new auction notice. As per the notice published by the development bank today, the bank will be selling 46,361.25 units ordinary share after the rights shares issued on Shrawan 23, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 2:1. The auction will last till Poush 19, 2073. The bid will open to conclude the auction on Poush 20, 2073 at 11:00 AM. 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. 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 Kartik 17 at the Prabhu Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 13511600631816000005 of Prabhu Bank Limited head office located at Kamaladi, Kathmandu. Its last traded price stood at Rs 500 as on October 6, 2016. Manaslu Bikas Bank has earned net profit of Rs 1.31 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Om Development Bank Limited (ODBL) and Manaslu Bikas Bank have signed a Memorandum of Understanding (MOU) for merger process on Ashwin 21, 2073. The trading of Manaslu Bikas Bank has been halted in Nepal Stock Exchange Limited (NEPSE)