Auction Bidding of Unsold Right Shares of Tourism Devt Opens, Last Day to Pluck Unsold Right Shares of Prabhu Insurance
A total of 704,738 units of unsold right shares of Tourism Development Bank (TDBL) have been put out on auction. Similarly, today is the last day to grab the opportunity to pluck unsold right shares of Prabhu Insurance (PRIN). TDBL had opened the right issue from March 26 to May 9 which failed to attract the existing shareholders. Therefore, the right shares have been put out for auction bidding by the bank. The bank has kept 266,537 units of general shares and 438,200 units of promoters share to the auction bidding. Interested investors can apply for the shares till June 29. NIBL Capital Market is the issue manager for the bank. The share trading of the bank has been suspended as it is in merger process with Mega Bank. The share swap ratio between Mega and Tourism has been agreed on 100:95. The last trading price of the bank in NEPSE was Rs 427 on January 19. 48,000 Unit Unsold Right Shares of Prabhu Insurance in Auction Bidding Today is the last day to ensure 48,122 un...