Narayani Development Bank Limited plans to sell 3,06,597 unsubscribed founder rights shares via a bidding (auction) process. The bank had initially issued the rights shares and invited applications from Ashoj 2 to Kartik 9. During this period, of the 6,03,162 shares allocated for the founder group, applications were insufficient, prompting the bank to place the shares for auction from Mangsir 18 to 25.
Even during the auction period, the bank received applications for only 2,96,565 shares from the founder group. The remaining 3,06,597 founder shares are now being offered to the general public. According to the bank, bidding applications for these shares will open from Magh 18. Individuals, companies, and organizations are all eligible to apply.
The minimum price per share has been set at Rs. 100, and investors can apply for a minimum of 100 shares up to the full number of available shares. Applications can be submitted through Global IME Capital in Naxal and the branches of Global IME Bank in Biratnagar, Birgunj, Hetauda, Narayangadh, Pokhara, and Butwal. The deadline for submitting bidding applications is Falgun 4.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
