Kathmandu, January 10:
The auction of 12,100 units promoter shares and 93,784 units ordinary shares of Garima Bikas Bank Limited was held yesterday.
According to the sources privy of the auction, Rs 200 was the cut-off rate for the ordinary shares.
There were 261 applicants for the ordinary shares.
Likewise, Rs 110 was the cut-off price for the promoter shares.
One of the promoters of development bank bid all the shares at Rs 110.
The interested bidder had to quote a minimum of 100 units at the rate of Rs 100 or above per unit.
Elite Capital Limited was the issue manager of the auction for which the bid had opened on December 31.
Source: Sharesansar
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