Civil Bank Limited (CBL) published a notice today regarding the auction of promoter shares of the bank. According to the notice, bank will be auctioning 2,030,059 units of promoter shares from Mangsir 24, 2076 i.e. today. The interested investors can submit the sealed bid till Poush 8, 2076.
The issued shares have a face value of Rs.100 and any bid places should be equal to or above Rs.100. The existing promoters of the bank and other individuals, company and institutions eligible to be promoter of BFIs can bid for the auction.
The bid forms are available at Civil Capital Markets Limited, Sundhara, Kathmandu for Rs.100 per form. The form should clearly mention the number of shares and the rate that you are offering per unit of shares.
The investors can apply for a minimum of 10,000 units and there is no limit for maximum bidding. However, the applied units should not exceed the limit mandated by Nepal Rastra Bank (NRB). The applied units should be in whole number.
The bid envelope should be marked with "Civil Bank Limited's Promoter Share Purchase Application". Investors can pay by Good for payment cheque.
" A LEADING MERCHANT BANKING OF NEPAL AND A SUBSIDIARY OF CIVIL BANK "