Karnali Development Bank to auction unclaimed right shares from May 14

May 06, 2018 Merolagani

Karnali Development Bank (KRBL) is set to auction 1,762,188 units of unclaimed right shares that went unsold during its issuance from May 14 to 21. The bank is auctioning 1,461,270 units of unclaimed promoter right shares and 300,918 units of general right shares.

The interested bidders can apply for a minimum of 100 units of shares at a minimum price of Rs 100 per unit.

The bank has appointed Prabhu Capital as its issue manager, thus, the bidders can bid for the auctioned shares from Prabhu Capital at Kamaladi, Kathmandu and various branches of Karnali Development Bank at Nepalgunj, Banke, Tulsipur, Ghorahi, Lamahi of Dang, Kohalpur of Banke and Gularia of Bardia. Moreover, the interested bidders can bid from Biratnagar, Birgunj, Pokhara, Butwal, Narayangadh, Surkhet and Dhangadi branch of Prabhu Bank Ltd.

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