Mount Makalu Dev. Bank auctioning unsold 4,528 units ordinary right shares at Rs 100& above from today

Mount Makalu Development Bank (MMDBL) is auctioning its ordinary right share to the general public from today (Poush 1, 2073). The bank is selling 4,528 units ordinary shares after the rights shares issued on Bhadra 16, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 1:1.5. The auction will last till Poush 7, 2073. The bid will open to conclude the auction on Poush 8, 2073 at 1:00 PM. 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. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids in the office hour till Poush 7 at NIBL Capital located at Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number K-614494-CL of Kumari Bank Limited located at Putalisadak, Kathmandu. Its last traded price stood at Rs 730 as on December 7, 2016.