Narayani Development Bank’s Auction of Unclaimed Rights Shares Closes Today

Narayani Development Bank Limited (NABBC) is closing the auction of its 621,606 unclaimed rights shares today, Mangsir 25. The auction began on Mangsir 11 as part of the bank’s process to sell the portion of rights shares that remained unsubscribed during its 1:1 rights offering.

The auction includes 603,162 promoter right shares and 18,444 ordinary right shares, which are available to interested individuals, companies, and institutional investors.

These shares represent the unclaimed portion from the bank’s previous rights issue, which was offered to shareholders in a 1:1 ratio from Ashwin 2 to Kartik 9, 2082.

Global IME Capital Limited is managing the auction. The minimum bid price has been set at Rs. 100 per share. For ordinary shares, the minimum bid quantity is 100 units. Although bidders may apply for the entire available quantity, they must comply with regulatory limitations on the maximum number of shares an entity is permitted to purchase.