Narayani Development Bank Limited (NABBC) is putting up for auction 6,21,606 units of unreleased rights shares from its earlier (1: 1) rights offering. The auction kicks off today, specifically from 11th Mangsir, 2082 to 25th Mangsir, 2082.
The bank is offering 6,03,162 units of promoter rights shares and 18,444 units of regular rights shares in an auction open to interested individuals, companies, and institutions.
This represents the portion of the rights offering that went unclaimed. The bank had conducted a 1:1 Ratio rights share issuance to its shareholders from 2nd Ashwin to 9th Kartik, 2082.
All individuals and organizations are welcome to participate in the bidding process.
Global IME Capital Limited has been appointed as the issue manager for these rights shares. The starting bid price for the auction is set at Rs. 100. For regular rights shares, the minimum bidding quantity is 100 units. While bidders have the option to bid for the complete issuance, they must comply with the regulatory board’s guidelines, which limit the number of shares that any one entity can acquire.
