The existing promoter of Siddhartha Bank Limited (SBL) is auctioning 5,49,573 units of shares to the general public/institutions from today.
Pradip Kumar Kedia intends to sell 454,563 units, and Prudential Capital Management Company Limited intends to sell 96,010 units of promoter shares to the general public/institutions. Interested individuals are requested to bid for the auction within 7 days from this notice's publication date, i.e. 6th Mangsir.
Interested investors should submit their bids at the company's central office located at Hattisar, Kathmandu. Since no bids were received from existing founder shareholders within the specified timeframe, the shares are now opened for auction to the general public or institutions.
SBL closed at Rs. 228 as of 21st November, 2023. Meanwhile, SBLPO has an LTP of Rs. 145.10 as of 31st October, 2023.