Swarojgar Laghubitta to auction 1,196 units ordinary and 3,822 unit’s promoter share

ShareSansar, September 1:

SwarojgarLaghubittaBikas Bank Limited (SLBBL) is auctioning its 1,196 units ordinary right shares and 3,822units’promoter right shares to general public from today (Bhadra 15) .

According to a notice published today, the microfinance is selling 1,196 units ordinary shares and 3,822 units’ promoter shares after the right shares issued on Ashad 11, 2072 were not fully subscribed by the investors. The development bank has offered right shares at the ratio of 1:1.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

NMB Capital limited is the issue manager for this auction which is located at Babarmahal, Kathmandu.

SwarojgarLaghubitta had reported net profit of Rs.18.29 million in its fourth quarter of the fiscal year 2071/72.

The last trading price of SLBBL stood at Rs 2,020 yesterday, i.e. August 31.