Janautthan Samudayic Laghubitta to auction unsold right shares

Aug 20, 2019 10:04 AM Merolagani

Janautthan Samudayic Laghubitta Bittiya Sanstha (JSLBB) is set to auction unsold right shares from August 27. The company is auctioning 18,503 units of ordinary shares that went unsold during its issuance from June 27-July 31. The auction will close on September 3.

The company has appointed Siddhartha Capital as its issue manager.

The interested bidders can bid for a minimum of 100 and a maximum of all units divisible by 10 at a minimum price of Rs 100.

The interested investors can bid for the shares from Siddhartha Capital at Naxal- Kathmandu and Janutthan Samudayic Laghubitta at Butwal-Rupandehi. Moreover, the bidders can bid from Biratnagar, Birtamod, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Ghorahi, Nepalgunj, Surkhet, Dhangadhi and Mahendranagar branch of Siddhartha Bank.

The company is also distributing 10 percent stock dividend of the paid-up capital maintained after right issue.

Presently, the company has a paid-up capital of Rs 28.8 million that will reach Rs 63.3 million after the bonus share and right issue.

comments powered by Disqus