Garima Bikas Bank Limited (GBBL) has initiated an auction for 425,156.67 units of its promoter shares exclusively for its existing promoter shareholders. The auction begins today and will run for 35 days, concluding on the 6th of Bhadra, 2081 (Nepali calendar), following the publication of this notice on the 4th of Shrawan.
Auction Details
The existing promoter shareholders of GBBL are invited to participate in this auction by submitting their bids at the bank’s central office located in Lazimpat, Kathmandu. The deadline for submitting bids is strictly within the 35-day period. If no bids are received from the promoter shareholders within this timeframe, the shares will subsequently be made available for auction to the general public or institutional investors.
Current Share Prices
As of the latest trading session, GBBL closed at Rs. 419.10 per share, while GBBLPO, the promoter shares, have a last traded price (LTP) of Rs. 205.00.
For more details, refer to the official notice from Garima Bikas Bank Limited.