Civil Bank Auctions 1.3 Mn Units Of Promoter Share

Aug 19, 2019 11:21 AM Merolagani

Civil Bank (CBL) has started auction of nearly 1.3 million units of promoter shares. The bank is auctioning 1,282,881 units of promoter shares through auction from August 19.

As per Civil Capital, issue manager of the bank, the auctioned shares are of five different promoter shareholders of the bank.

The interested existing shareholders, eligible companies and individuals can bid for the shares from Civil Capital Market at a minimum price of Rs 100. The interested parties can bid for a minimum of 10,000 and maximum of all shares under NRB limit.

The bid will be opened on September 3 at 11:00 AM in the premises of Civil Capital.

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