Civil Bank closing auction of 149,089 unit promoter shares from today; applications can be placed for minimum 10,000 units
Civil Bank Limited (CBL) is closing 149,089 unit promoter shares auction from today (22nd Asadh, 2076).
The bank has appointed Global IME Capital Limited as the issue manager for the auction. The existing promoters of the bank and other individuals, company and institutions eligible to be promoter of BFIs can bid for the auction.
Application must be placed for minimum of 10,000 units at minimum rate of Rs.100 per share, while there is no limit for maximum bidding. However, the applied units should not exceed the limit mandated by Nepal Rastra Bank (NRB).The applied units should be in whole number. Application forms are available at Global IME Capital Limited, Rastriya Nach Ghar, Jamal costing Rs.100 per form.
The bid envelope should be marked with "Civil Bank Limited's Promoter Share Purchase Application". Investors can pay by Good for payment cheque.
Since the book closure for cash and bonus dividend for FY 2073/74 and FY 2074/75 have already been carried out, the new shareholders won't be eligible for it.
