Kamana Sewa Bikas Bank to reauction its unsold 1.50 lakh unit promoter right shares; Auction begins from Jestha 20 for general public

Kamana Sewa Bikas Bank Limited (KSBBL) has published a notice regarding the re-auction of its unsold shares open for general public. Auction for the unsold 1,50,536.93 unit promoter shares will start from Jestha 20, 2075 till Jestha 27, 2075.

Minimum bid price for the shares have been set as Rs 100, i.e the bidders need to bid above Rs 100 for the auctioned shares.The interested bidders can apply for a minimum 1,000 unit of shares.

NMB Capital Limited has been appointed as the issue manager for the auction. The bidders can collect application forms from the designated branches of Kamana Sewa Bikas Bank or from NMB Capital Limited.

The development bank has urged the bidders to deposit their entire bid amount in A/C no 00130600054010000213 in NMB Bank Limited or A/C no 04100300195116000001 in Kamana Sewa Bikas Bank Limited, both in the name of NMBCL-Right KSBBL 2074/75.

Its paid up capital will reach Rs 2.36 arba from existing Rs 2.05 arba after the adjustment of 15% right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore.