Excel Development Bank Limited (EDBL) is auctioning its ordinary shares. This is the unclaimed portion of the rights offering. The auction will open on 29th Mangsir and close on 7th Poush, 2078.
27,257.2004 shares will be auctioned. Individuals and institutions are all eligible to bid for the auction.
Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity is 100 units, there is no upper limit for the shares. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank’s rule to not exceed the specified quantity of shares per entity.
NIBL Ace Capital has been appointed the auction manager.