Prime Commercial Bank extends 4.84 lakh units auction closing date till Poush 3

Prime Commercial Bank Limited (PCBL) has published a notice regarding extension of auction closing date. The closing date of the auction has been extended to Poush 3, 2073. Earlier the closing date was set on Mangsir 29, 2073 (today). The bank has been auctioning 52,045 units promoter share and 4, 32, 649 units ordinary shares to the general public from Mangsir 14, 2073. As per the notice published by the bank today, the bank extended the closing date as per the direction of Securities Board of Nepal (SEBON). 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 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). Its Last Traded Price (LTP) stood at Rs 519 as on December 12, 2073.