Kathmandu, Mangsir 25. The auction for the unclaimed rights shares of Narayani Development Bank Limited (NABBC) is set to close today, Mangsir 25, 2082. The auction opened on Mangsir 11, offering a final opportunity to purchase shares from its previous rights issue.

Auction Details:
A total of 621,606 unclaimed right shares are being auctioned. This lot consists of 6,03,162 units of promoter right shares and 18,444 units of ordinary right shares. These shares represent the portion not subscribed for during the bank's recent 1:1 rights offering, which was open to shareholders from Ashwin 2 to Kartik 9, 2082.

Eligibility and Bidding Rules:
The auction is open to individuals, companies, and institutions. Global IME Capital Limited is managing the auction process.

• The minimum bid rate has been set at the face value of Rs. 100 per share.
• For ordinary right shares, the minimum bid quantity is 100 units.
• While bidders may bid for the entire issue, they must comply with the regulatory cap that restricts any single entity from acquiring shares beyond a specified limit set by the Securities Board of Nepal (SEBON).

This auction allows the bank to allocate the remaining capital from its rights issue and provides investors a chance to acquire shares that were initially reserved for existing shareholders. The successful bidders will be allotted the shares post the auction's conclusion and settlement.