Rastriya Banijya Bank auctioning its promoter shares of Sunrise Capital in all-or-none auction

Rastriya Banijya Bank Limited (RBB) is auctioning its promoter shares of Sunrise Capital. 

The auction is of the type all-or-none. This means that bidders will have to apply for the entire 4,28,580 unit shares that are being auctioned.

Only promoters and the BFIs are eligible for bidding.

The auction is open from today, i.e. Ashwin 06, and will close on Ashwin 20. Bids will be opened at 10:30 AM on Ashwin 22 at RBB Merchant Banking Limited, Teku. If there is a holiday on that day, bids will be opened at 3 PM on the next operational day.

The minimum bid rate is set at Rs. 205.82. The highest bidder will be allotted the entirety of shares.