Last day to bid for auction shares of Shangrila Development Bank

Apr 03, 2018 Merolagani

Today is the last day to bid for auction shares of Shangrila Development Bank (SADBL). The bank is auctioning 902,997.50 units of right shares including 392,772.50 units of promoter and 509,225 units of general shares that went unsold during its issuance.

Prabhu Capital is the issue manager of the company. The interested bidders can apply from Prabhu Capital at Kamaladi, and Baluwatar, Pokhara, Butwal, Narayangadh, Nepalgunj, Surkhet, Attaria and Ghorahi branches of Shangrila Bank.

After capitalization of the right issue, the paid-up capital of the bank will total Rs 2.44 billion.

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