Prabhu Bank Auctioning 46,74,396 Units Promoter Shares to the General Public and Institutions From Today
The existing promoters of Prabhu Bank Limited (PRVU) are selling its 46,74,396 units promoter share in an auction from today i.e. on 12th Falgun to 26th Falgun, 2079.
46,74,396 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 123 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 10,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Prabhu Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Falgun 27 starting at 11 am that day.
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