Wednesday , September 26 2018
Home / Commerce and Economy / Business and Corporate / Mega Bank auctioning unclaimed 3.86 lakh units shares

Mega Bank auctioning unclaimed 3.86 lakh units shares

61Mega Bank Nepal Limited (MEGA) is auctioning its ordinary and promoter right shares to the general public from Chaitra 13, 2073. It is selling 2,17,890 units ordinary shares and 1,68,992 units promoter shares after the right shares issued on Shrawan 27, 2073 were not fully subscribed by its shareholders. The commercial bank had offered right shares in the ratio of 4:1.
The auction will last till Chaitra 20, 2073. The bid will open to conclude the auction on Chaitra 21, 2073 at 3:00 PM.
Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of shares and the shares applied for should be a multiple of 10. The applicants can apply for a maximum of 10,000 units of shares.
Nabil Investment Banking Limited is the issue manager for this auction.
The bank has urged interested bidders to submit their bids within 3:00 PM till Chaitra 20, 2073 at Nabil Investment Banking Limited, Naxal, Kathmandu or Mega Bank, Rising Mall, Kamaladi.
The investors applying for the auction can deposit the bid amount in the account number 0010010246269 maintained in the name of Nabil Investment Banking Limited at Mega Bank Limited.

Check Also

Machhapuchre Bank and Lumbini General Insurance sign agreement

By Our Reporter Machhapuchre Bank Ltd and Lumbini General Insurance Ltd have endorsed a deal …