Shangrila Development Bank announces auction for its unsold right shares; Auction opens for 9 lakh unit right shares from Chaitra 13

Shangri-la Development Bank Limited (SADBL) has announced auction for its unsold 9,01,997.50 unit right shares. The auction will start from Chaitra 13 and end on Chaitra 20, 2074. The right share issue was open from Poush 17, 2074 to Magh 29, 2074. The bank had issued 1,08,67,798.50 unit right shares in the ratio 10:8 in the par value of Rs 100 each. 11,732 shareholders were allotted 99,65,801 unit right shares on Chaitra 04, 2074. 3,52,772.50 unit right shares from the promoters group and 5,09,225 unit right shares from the ordinary shares group are available in the auction. 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 shares. Prabhu Capital Limited has been appointed as the issue manager for the auction. Interested bidders can collect bid forms from Prabhu Capital Limited or from the designated branches of Shangrila Development Bank. The bank has urged the bidders to deposit the bid amount in the A/c Number 13511600631816000005 of Prabhu Bank Limited in the name of Prabhu Capital Limited or A/C no 02500800186243000001 of Shangrila Development Bank in the name of Prabhu Capital Limited. The bidders can also apply using Good for Payment Cheque. The current paid up capital of SADBL is Rs 1.35 arba. After the issuance of right share, the paid up capital will reach Rs 2.44 arba. Notice