5,49,573 Units Promoter Shares of Siddhartha Bank Limited in Auction from 28th Ashwin
The existing promoter of Siddhartha Bank Limited (SBL) is auctioning 5,49,573 units of shares to the promoter shareholders from 28th Ashwin, 2080.
Pradip Kumar Kedia intends to sell 454,563 units, and Prudential Capital Management Company Limited intends to sell 96,010 units of promoter shares to the existing promoter shareholders. Interested promoter shareholders are eligible to bid for the auction.
Interested investors should submit their bids at the company's central office in Naxal, Kathmandu within 35 days from the date of publication of the notice. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be open for auction to the general public.
As of writing, SBL has an LTP of Rs. 242.50. Meanwhile, SBLPO closed at Rs. 148 as of 21st August, 2023.
