Oriental Hotel reopens auction of 19,045 units seized ordinary shares at Rs 100 & above; LTP stood at Rs 570

Oriental Hotel Limited (OHL) is auctioning its ordinary shares to the general public from today (Ashwin 22, 2072) As per the notice published by the hotel today, OHL is selling 19,045 units of seized ordinary share through auction. On September 18, Oriental Hotels had cancelled its auction of 20,949.5 units’ shares due to the issues of bonus shares of forfeited shares. The auction starts from today (Ashwin 22, 2072) and will last till Ashwin 28, 2072. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. The hotel has urged the interested bidders to submit their bids by 3:00 PM till Ashwin 28 at the NCM Merchant Banking Limited located at Kamalpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0010000132001 of the NIDC Capital Market Limited. NCM Merchant Banking limited is the issue manager for this auction which is located at Kamalpokhari, Kathmandu. The last trading price of Oriental Hotel stood at Rs 570 yesterday (Ashwin 21,2072).