Last Day to Bid for Unclaimed Right Shares of NABBC

Today is the last day to bid for the shares of Narayani Development Bank Limited (NABBC). The company has been auctioning its unclaimed ordinary and promoter right shares from today 10th Chaitra. The auction will close today, i.e. 17th Chaitra, 2078 at the end of banking hours.

13,651 unit ordinary shares and 1,31,998 unit promoter shares are being auctioned. This is the unclaimed portion of the company's rights offering. The company closed its 1:1 rights offering on 12th Magh; the issue had opened on 7th Poush, 2078. A total of 13,12,338 unit shares were issued at a par value of Rs. 100 per share on the paid-up capital of Rs. 13,12,33,800.

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

Global IME Capital Limited has been appointed the auction manager.

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