Mission Dev. Bank 2, 17,256 units auction shares closes today; last day for investors

Interested Investors in acquiring the shares of Mission Development Bank Limited (MIDBL) have one more day to file their bids for the auctioned promoter and ordinary right shares. The deadline for submitting sealed bids for the auctioned shares is ending today (Mangsir 20)and the bids will be opened to conclude the auction on Mangsir 23, 2072 (Wednesday). Mission Development Bank had auctioned 43,606 units of ordinary right share and 1, 73,650 units promoter right share to general public from Mangsir 13. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Vibor Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM today at the Vibor Capital Limited located at Krishnagalli, Lalitpur, Kathmandu or also submit their bids in the head office of Mission Development bank located in Butwal, Rupandehi. The investors applying for the auction can deposit the bid amount in the account number 0010061802 of the Vibor Capital Limited. Alternatively, investors applying for the auction can also deposit the bid amount in the account number 1001L0011732 in the Mission Development Bank, Butwal Branch. Mission development bank had earned net profit of Rs. 66.51 lakh in its first quarter of the current fiscal year 2072/73. The last trading price of MIDBL stood at Rs. 172 as on October 25, 2015.