Narayani Development Bank Auctioning 6,21,606 Unclaimed Right Shares From Today

Narayani Development Bank Limited (NABBC) is auctioning 6,21,606 units of unclaimed rights shares from its previous (1: 1) rights offering. The auction opens from today, i.e, from 11th Mangsir, 2082 to 25th Mangsir, 2082.

The company is selling 6,03,162 units of promoter right shares and 18,444 units of ordinary right shares through an auction to interested individuals, companies, and institutions.

This is the unclaimed portion of the rights offering. The company had issued a 1:1 Ratio right share issue to its shareholders from 2nd Ashwin to 9th Kartik, 2082.

Individuals and institutions are all eligible to bid for the auction.

Global IME Capital Limited has been appointed as the issue manager of this rights share. The minimum bid rate for the auction is set at Rs. 100. For ordinary right shares, the minimum bid quantity is 100 units. Although bidders can bid for the entire issue, they must adhere to the regulatory board's rule, which restricts exceeding the specified share quantity per entity.