Civil Bank's auctioned promoter share receives one application for full issue; Cutoff at Rs 100, all units allotted
Fri, May 24, 2019 1:32 PM on Auction, Latest, Stock Market,
Civil Bank (CBL) had opened an auction for 17,53,594 units promoter shares from Baisakh 26, 2076.
Civil Capital Market is the issue manager for the auction. According to the officials at privy, the auction received only one application applying for the full units floated i.e. 17,53,594 units at a bid price of Rs 100.
Since the book closure for cash and bonus dividend for FY 2073/74 and FY 2074/75 have already been done, the shareholders who grab shares in auction won't be eligible for dividend.
