Narayani Development Bank Limited has announced that it will sell 306,597 unsubscribed founder shares via a bidding (auction) process starting Sunday, Magh 18.
The bank had previously issued rights shares from Ashoj 2 to Kartik 9, inviting applications from shareholders. During this period, 631,162 shares had been reserved for the founder group. However, insufficient applications were received, and the bank had planned to sell these shares through an auction from Mangsir 18 to 25.
Even during the auction period, only 296,565 shares were applied for by the founder group. The remaining 306,597 founder shares will now be offered for sale to the general public. Applications will be accepted from individuals, companies, and organizations.
The minimum bid price has been set at NPR 100 per share. Investors can apply for a minimum of 100 shares and up to the total available shares through the auction.
Applications can be submitted through Global IME Capital, and at Global IME Bank branches in Biratnagar, Birgunj, Hetauda, Narayangadh, Pokhara, and Butwal. The final date to submit auction bids is Fagun 4.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
