Promoter Shares of Jyoti Bikash Bank and Prabhu Bank in Auction From Today
The existing promoters of Jyoti Bikash Bank Limited (JBBL) are selling 168,496 units of promoter shares in an auction to the general public from today i.e. 10th Ashad to 17th Ashad, 2080.
168,496 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 126 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 1,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
NIBL Ace Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 18h Ashad, 2080.
Similarly, the existing promoters of Prabhu Bank Limited (PRVU) are also auctioning 601,234 units and 116,673 units of shares to existing promoter shareholders from today i.e. 10th Ashad, 2080.
Only existing promoters are eligible to bid for the auction within 35 days from the date of publication of this notice, i.e. 10th Ashad. The shareholders should submit their bids at the central office of the bank located at Babarmahal, Kathmandu.
As of writing, PRVU has an LTP of Rs. 161.
