Tentative cut off auctioned promoter shares of Chhimek Laghubitta Bikas Bank stands at Rs 101.5; 14 applications received in total

Chhimek Laghubitta Bank Limited (CBBL) had opened an auction for its unsold promoter shares on Poush 9. The auction was opened for 5,23,066 unit shares.

The promoter shares are being sold by Chhimek Samaj Seva Sanstha which holds the promoter shares. 

NMB Capital Limited has been appointed as the issue manager or the auction of shares.

According to the officials at NMB Capital, the final date is yet to come out. However, the tentative cut off stands at Rs 101.5. A total of 14 applicants were received for the auction applying for 5,79,030 unit shares. The maximum bid was received for Rs 251.