Narayani Development Bank (NABBC) Auctioning Unclaimed Right Shares (Ordinary and Promoter)

Narayani Development Bank Limited (NABBC) is auctioning its unclaimed right shares. The unclaimed ordinary and promoter right shares will be auctioned from 10th Chaitra to 17th Chaitra, 2078.

13,651 units ordinary shares and 1,31,998 units promoter shares will be 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 for 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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