Sahara Bikas Bank to auction unsold right shares

Oct 28, 2018 Merolagani

Sahara Bikas Bank (SHBL) is set to auction 1,044,256 units of unsold right shares from November 4. The company is auctioning 928,248.90 units of promoter and 116,007.30 units of general shares that went unsold during its issuance.

The issue will close on November 24. The company has appointed NIBL Ace Capital as its issue manager.

The interested investors can apply for minimum of 1000 units of promoter and 100 units of general shares at a minimum price of Rs 100.

The investors can apply from NIBL Ace Capital at Lazimpat, Laldurbar, Lagankhel, Pokhara, Butwal, Birgunj and Biratnagar. Similarly, they can also apply from Surkhet, Nepalgunj, Narayangadh and Dhangadhi branch of Nepal Investment Bank and Sarlahi branch of Sahara Bikas Bank.

 

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