Grameen Trust Bangladesh to sell 3.57 lakh unit promoter shares of Nirdhan Utthan Bank through auction; Auction begins from Baisakh 16 with minimum bid price of Rs 523

Sun, Apr 22, 2018 7:19 AM on Auction, Latest, Stock Market,

Nirdhan Utthan Bank Limited (NUBL) has published a notice regarding the auction of its 3,57,083.12 unit promoter shares from Baisakh 16, 2075. The closing date of the auction has been set on Jestha 20, 2075.

Bidders must quote a minimum price of Rs 523 per unit, which means that the lowest bid amount must be more than Rs 523. Interested bidders must bid for a minimum of 100 units of shares.

NIBL Ace Capital has been appointed as the issue manager for the right share auction.

The investors applying for the auction can deposit the bid amount in the account number 0010017451900001 in Kumari Bank Limited in the name of NIBL Ace Capital apply by issuing good for payment cheque. The 3.57 lakh unit promoters shares belong to Grameen Trust Bangladesh.

Currently, the paid up capital of the microfinance stands at Rs 1 arba with Rs 92.18 crore in its reserve.