Prime Commercial Bank auctioning 4.84 lakh units unclaimed right shares from today till Mangsir 29; LTP stood Rs 521

Prime Commercial Bank Limited (PCBL) is auctioning its ordinary and promoter right share to the general public from today (Mangsir 14, 2073). As per the notice published by the commercial bank today, the bank is selling 52,045 units promoter share and 4,32, 649 units ordinary shares after the rights shares issued on Bhadra 12, 2073 were not fully subscribed by the investors. The bank had offered right shares at the ratio of 3:1. The auction will last till Mangsir 29, 2073. The bid will open to conclude the auction on Mangsir 30, 2073 at 11:00 AM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. Civil Capital Market Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by 3:00 PM till Mangsir 29 at Civil Capital located at Kamaladi, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00104791 (Civil Capital Market PCBL R/S) of Prime Commercial Bank located at Newroad. Prime Commercial Bank had recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL).