Seti Finance re-auctioning 1.80 lakh units promoter shares from today at Rs 100 & above

Seti Finance Limited (SETI) is re-auctioning its unclaimed promoter shares to the general public from today (Chaitra 11, 2073). The promoter shares are being re-auctioned after the existing promoters of the finance company did not claim all the promoter shares that were auctioned from Falgun 11 to Falgun 20, 2073. The finance company is now selling 1,80,035.86 promoter shares to the general public. The auction will close on Chaitra 17,2073 and the bid will open to conclude the auction on Chaitra 20, 2073 at 4:00 PM. In case of any holiday on that day, the bid will open to conclude next working day at 4:00 PM. 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 promoter shares. NIBL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids within office hours till Chaitra 17, 2073 at Seti Finance Limited, Tikapur, Kailali or at NIBL Capital Markets Limited, Lazimpat, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115174130 of Siddhartha Bank Limited, Hattisar, Kathmandu. Its last traded price stood at Rs 236 as on March 23, 2017.