Prabhu Bank to auction promoter shares

Jul 23, 2021 09:37 AM Merolagani

Prabhu Bank (PRVU) is set to auction 202,186 units of promoter shares.

The interested bidders can bid for the shares from July 30 to August 13. The interested existing promoter shareholders, individuals and corporate institutions can bid for the shares.

The bank has quoted a minimum price of Rs 210 for the shares. The bidders can bid for a minimum of 1,000 and a maximum of all shares divisible by 10. The bank has appointed NMB Capital as its issue manager.

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