Narayani Development Bank Limited Is Closing Auction of Unclaimed Rights Shares Today

Narayani Development Bank Limited (NABBC) is closing the auction of 621,606 unclaimed rights shares from its previous 1:1 rights offering. The auction opened on 11th Mangsir 2082 and will close today, 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.