Promoter Shares of PCBL, EDBL, MLBL, KSBBL and GBIME In Auction From Today
The existing promoters of Prime Commercial Bank Limited (PCBL) are selling 19,15,000 units of promoter shares in an auction to the general public from 4th Baisakh to 13th Baisakh, 2080.
19,15,000 units of promoter shares will be auctioned. Individual investors, companies, and institutions can bid in an auction. Rs. 130 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 100,000 units. Although bidders can bid for the entire issue, they must abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Prabhu Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Baisakh 14, 2080.
As of writing, PCBL has an LTP of Rs. 200.
Similarly, the existing promoters of Excel Development Bank Limited (EDBL), Mahalaxmi Bikas Bank Limited (MLBL), Kamana Sewa Bikas Bank Limited (KSBBL), and Global IME Bank Limited (GBIME) are auctioning their promoter shares to the eligible shareholders from today i.e 4th Baisakh, 2080.
27,718 units of promoter shares of EDBL; 1,85,000 shares of MLBL; 2,44,954 shares of KSBBL, and 5,00,000 shares of GBIME will be auctioned. Only existing promoters are eligible to bid for the auction within 35 days from the date of publication of this notice, i.e. 4th Baisakh. The shareholders should submit their bids at the central offices of the respective banks. Rs. 135 is the minimum bid rate for GBIME's promoter shares.
If no bids are received from the existing founder shareholders within the mentioned date, then the shares will be later auctioned to the general public.
