Promoter Shares Of Prabhu Bank And Swabalamban Laghubitta In Auction From Today

The existing promoters of Prabhu Bank Limited (PRVU) are selling 61,762 units and Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) is selling 14,710 units of promoter shares in an auction from today i.e. from 25th Chaitra, 2080 to 16th Baisakh, 2081.

An auction will be conducted for 61,762 units of promoter shares of PRVU and 14,710 units of promoter shares of SWBBL. Eligible participants include qualified promoter shareholders, interested members of the general public, companies, and institutions. The minimum bid rate for PRVU is set at Rs. 110, while for SWBBL it is Rs. 350. Bidders must bid for a minimum quantity of 100 units of promoter shares. While bidders have the option to bid for the entire issue, they must adhere to the Nepal Rastra Bank's regulation, ensuring that the specified quantity of shares per entity is not exceeded.

LS Capital Limited is the auction manager. Bids will open at the premises of the auction manager on Baishakh 18, 2081 starting at 11 am that day.

As of writing PRVU closed at Rs. 139.10 and SWBBL closed at Rs. 772.00.