Corporate Development Bank (CORBL) Allotts Auctioned Shares to Bidders, Company Refunding Non-Allottees From Today

Corporate Development Bank Limited (CORBL) has allotted its 1,20,120 units ordinary share (unsold right shares) via auction to the general public on 7th Baisakh, 2079. The company is refunding money to non-allottee investors from today i.e 11th Baisakh, 2079.

The auction was open from 16th Chaitra and concluded on 24th Chaitra. 1,20,120 unit ordinary shares were auctioned. This is the unclaimed portion of the company's rights offering. A total of 1,20,120 unit shares were issued at a par value of Rs. 100 per share on the paid-up capital of Rs. 1.2 crores.

The general public, companies, and institutions were all eligible to bid in the auction. Rs. 100 was the minimum bid rate for the auction. While the minimum bid quantity was 100 units, there was no upper limit for both shares. Although bidders could bid for the entirety of the issue, they were required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.

Civil Capital Market Limited is the auction manager. According to the auction manager, Rs. 202.06 is the cut-off price for the ordinary shares.

Notice