Mount Makalu Development Bank allotted 3.29 lakh unit right shares; to auction 16,181 units in near future

Mount Makalu Development Bank Limited (MMDBL) has allotted right shares to its shareholders. As per the notice published by the development bank today, only 3, 29,619 unit shares were allotted to the shareholders. It had issued 3,45,800 units right shares from Mangsir 7 to Poush 12, 2074 in the ratio of 10:5 (50%).The development bank will be refunding from Magh 11, 2074 to those who are not allotted with the shares. Out of total issue, 16,181 unit shares remain unsold (around 4.68%). NIBL Capital Markets Limited was the issue manager for this issue. The development bank will be auctioning unsold share to the general public through auction in near future.