Shangri-La Development Bank to auction 9.67 lakh unit promoter right shares at Rs 100 & above from Bhadra 10

Shangri-La Development Bank Limited (SADBL) will be auctioning its promoter right share to the general public from Bhadra 10, 2073. As per the notice published by the development bank today, the development bank will be selling 9, 67,540 units of promoter right share after the rights shares issued by the bank were not fully subscribed by the investors. The auction will last till Bhadra 15, 2073. 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 or maximum they can apply for 9, 67,540 unit shares. NMB Capital Limited has been assigned as the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Bhadra 15, 2073 at theNMB Capital Limited located at Nagpokhari, Kathmandu. The investors applying for the auction can deposit the bid amount in the account name NMBCL-BTI Shangri-La 2072/73 and account number 00130600054010000155 of NMB Bank Limited located at Babarmahal, Kathmandu. SADBL has earned net profit of Rs 21.89 crore in the fourth quarter of the fiscal year 2072/73. Click Here : Notice of Promoter Right Share in Auction