Sahara Bikas Bank to auction more than 9 Lakh units of promoter shares from Chaitra 12, 2076; minimum bid price at Rs.100 per share

Sahara Bikas bank Limited (SHBL) had issued 250% right shares to the existing shareholders of the company. The company had floated a total of 1,824,870 units of shares at par value of Rs.100 per share.

The issue remained undersubscribed and remaining 921,148.70 units of promoter shares of the development banks are being auctioned from Chaitra 12 to Chaitra 19, 2076 till banking hours to the general public.

NIBL Ace Capital has been appointed as the issue manager.

The minimum bid price has been set at Rs.100 per share. Bids below the minimum bid price will be deemed invalid. Interested applicants can apply for minimum of 1,000 units while there is no maximum limit for applications.