Sahara Bikas Bank allots its auctioned right shares; Remaining 9.21 lakh unit promoter right shares to be sold via auction soon
Wed, Dec 12, 2018 10:34 AM on Auction, Dividend, Bonus & Rights, Latest, Share Allotment, Stock Market,
Sahara Bikas Bank Limited (SHBL) has alloted its auctioned right shares to the applicants.
The development bank has allotted 1,16,007.30 units ordinary right shares and 7,100 units promoter right shares to the bidders.
Non-allottees will be refunded with the amount in their respective bank accounts.
NIBL Ace had been appointed as the issue manager for the auction.
Remaining 9,21,148.70 units promoter right shares will be sold via auction in the near future.
The development bank had issued 1,824,870 unit right shares to the shareholders holding shares till Baisakh 9, 2075. After the adjustment of 250% right shares, its paid-up capital will reach Rs 25.55 crore.
