Last day to bid for auctioned shares of Muktinath Bikas Bank

Dec 01, 2019 11:04 AM Merolagani

Today is the last day to bid for auctioned shares of Muktinath Bikas Bank (MNBBL). The bank started auctioning 403,220.25 units of unsold right shares from November 24.

Muktinath is auctioning 102,516.32 units of promoter and 300,703.93 units of ordinary shares that went unsold during its issuance from August 29-October 2.

The interested individuals, companies and institutions can bid for the shares from its issue manager, Muktinath Capital at Trade Tower Thapathali, Kathmandu and Pokhara, Nepalgunj, Dhangadhi< Surkhet, Biratnagar, Janakpur branch of Muktinath Bikas Bank.

The bidders can bid for a minimum of 100 units and maximum of all shares under NRB limit at a minimum price of Rs 100.

Earlier, the bank issued 20 percent i.e. 6,129,520 units of right shares worth Rs 612.9 million to its existing shareholders.

Presently, the bank has paid-up capital of Rs 3.06 billion that will reach Rs 3.67 billion after capitalization of the right issue.

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