Himalayan Bank Limited has issued notice regarding the sell of 223560 units share in the name of "Himalayan Distilary Ltd. at auction (Source: Jamb News Service)
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Showing posts with label Shares on Auction. Show all posts
Showing posts with label Shares on Auction. Show all posts
Saturday, January 16, 2010
Sunday, January 3, 2010
Right Share on Auction: PFLBS
Patan Finance Limited is selling 10080 units promoter share and 3805 units ordinary shares on auction. These are unsubscribed shares after right issue (Source: Jamb News Service)
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Saturday, December 26, 2009
Right Share in Auction: KAFIL
Kaski Finance Limited is selling 18820 units share in auction. These are the unsubscribed shares after its right issue.(Source: Jamb News Service)
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Wednesday, December 23, 2009
Right Share on Auction: NHMF
Nepal Housing & Merchant Finance is selling 1417 units ordinary share at auction. These are the un-subscribed shares after right issue.(Source: Jamb News Service)
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Monday, December 14, 2009
Right Share on Auction: GDBNL
Gurkha Development Bank Limited is selling share in auction. These are the un-subscribed shares after its right issue(Source: Jamb News Service)
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Tuesday, November 3, 2009
Right Share on Auction: Civil Merchant Bittiya Sanstha
Civil Merchant Bittiya Sanstha Ltd. is selling 730 units share in auction. These are unsubscribed share after its right issue.
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Right Share on Auction: United Insurance
United Insurance Co.(Nepal)Ltd. is selling 25575 units share on auction. These are the unsubscribed shares after right issue(Source: Jamb News Services)
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Sunday, October 18, 2009
World Mer. Banking and Finance: Right share on Auction
World Mer. Banking and Finance Ltd. is selling 5340 units shares on auction. These are the unsubscribed shares after its right issue.(Source: Jamb News Service)
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Nepal Share Markets: Right Share in Auction
Nepal Share Markets Ltd. is selling 22296 units shares on auction. These are the unsubscribed shares after its right issue (Source: Jamb News Service)
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IME: Right share on Auction
IME Financial Institutions is selling 5398 units shares on auction. These are unsubscribed shares after right issue
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Monday, September 21, 2009
NDEP Bank: Shares on Auction
NDEP Bank Ltd.is selling 9030 shares on auction. These are the unsubscribed shares after the right share issue.(Source: Jamb News Service)
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Monday, September 14, 2009
Gorkha Finance: Promotor Right share on Auction
Gorkha Finance Ltd. has issued notice to interested promoter shareholders who want to buy the un-demanded 4500 units right shares form its promoter.(Source: Jamb News Service)
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Sunday, September 6, 2009
Everest Finance: Shares on Auction
Everest Finance Ltd.is selling 24500 units 'A'& 3580 units 'B' category shares on auction at minimum price of Rs. 100. These are the unsubscribed shares after the right share issue
(Source: Jamb News Service)
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(Source: Jamb News Service)
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Friday, September 4, 2009
Bhrikuti Vikash Bank: Shares on Auction
Bhrikuti Vikash Bank Limited is selling 34877 shares on auction at minimum price of Rs. 100. These are the unsubscribed shares after the right share issue. (Source: Jamb News Service)
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BBBL Shares on Auction
Bhrikuti Vikash Bank Limited is selling 34877 shares on auction at minimum price of Rs. 100. These are the unsubscribed shares after the right share issue.
Source: Jambnews Service
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Source: Jambnews Service
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Wednesday, September 2, 2009
National Finance: Right share on Auction
National Finance Co. Ltd. has announced to sell 18510 units of non-demanded right share 'B' category on auction at minimum price of Rs 100. (Source: Jamb News Service)
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Thursday, August 27, 2009
Prabhu Finance: Shares on Auction
Prabhu Finance Co. Ltd. is selling 4840 shares on auction. These are the unsubscribed shares after the right share issue (Source: Jamb News Service)
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Friday, August 7, 2009
National Finance: Shares on Auction
National Finance Co. Ltd. is selling 18410 shares on auction. These are the unsubscribed shares after the right share issue
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Tuesday, July 21, 2009
Sanima Bikash Bank: Right Share on Auction
Sanima Bikash Bank Ltd. has announced to sell 12342 units of non-demanded right share on auction at minimum price of Rs 100.
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Tuesday, July 7, 2009
NB Bank rights shares auctioned
The rights shares of Nepal Bangladesh Bank (NBB) which found no takers during an earlier issuance have been picked up at Rs. 231 per share at auction.
The price is a little lower than the current market price of its stock which was traded at Rs. 255 per share on NEPSE on Monday.
NBB allotted the shares on Monday in accordance with its auction notice published on June 20. The bank had put up 366,761 units of shares for auction.
According to Awatar Neupane, NBB company secretary, the general public emerged the highest bidder for its rights shares. Those who bid more than Rs. 162 per share have been allotted shares, he said. The number of investors who have received rights shares has not been revealed.
As per a recent directive of the Security Board of Nepal (SEBON), unsubscribed rights shares were put up for auction.
Earlier, the employees and existing shareholders used to divide the remaining shares among themselves. SEBON introduced the new directive so that companies could collect more money through auction instead of distributing the stock among employees and existing shareholders.
With the new share allotment, the bank's paid-up capital will increase to Rs. 1.86 billion.
Earlier, Nepal Rastra Bank (NRB) had allowed NBB to issue rights shares to help it to increase its paid-up capital and reduce the holding of the NB Group in the bank.
The bank's financial condition is still not sound with the capital fund against risk weighted asset remaining still negative by 8.2 percent and its non-performing loans remaining at 29.9 percent, according to the bank's third quarterly report of the current fiscal year.
The capital fund must be positive by above 10 percent as per NRB rules and the NPL should be under 5 percent for a healthy bank.
There was also speculation that the bank could scrap the auction of its remaining shares as the number of quoted tenders had surpassed the sealed tenders.
According to sources, two bidders had enclosed eight more tenders in two sealed envelopes. However, the price of each tender was quoted. Neupane said, without giving details, that the issue was settled as per the legal provisions of the country. However, an official at NEPSE said the different tenders quoting different prices in a sealed envelope by a single person was accepted when Nepal Bank Limited had sold its shares in Standard Chartered Bank at auction a few years ago in order to end crossholding.
"The same tradition could have been followed," the official said.
Source: Ekantipur.com
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The price is a little lower than the current market price of its stock which was traded at Rs. 255 per share on NEPSE on Monday.
NBB allotted the shares on Monday in accordance with its auction notice published on June 20. The bank had put up 366,761 units of shares for auction.
According to Awatar Neupane, NBB company secretary, the general public emerged the highest bidder for its rights shares. Those who bid more than Rs. 162 per share have been allotted shares, he said. The number of investors who have received rights shares has not been revealed.
As per a recent directive of the Security Board of Nepal (SEBON), unsubscribed rights shares were put up for auction.
Earlier, the employees and existing shareholders used to divide the remaining shares among themselves. SEBON introduced the new directive so that companies could collect more money through auction instead of distributing the stock among employees and existing shareholders.
With the new share allotment, the bank's paid-up capital will increase to Rs. 1.86 billion.
Earlier, Nepal Rastra Bank (NRB) had allowed NBB to issue rights shares to help it to increase its paid-up capital and reduce the holding of the NB Group in the bank.
The bank's financial condition is still not sound with the capital fund against risk weighted asset remaining still negative by 8.2 percent and its non-performing loans remaining at 29.9 percent, according to the bank's third quarterly report of the current fiscal year.
The capital fund must be positive by above 10 percent as per NRB rules and the NPL should be under 5 percent for a healthy bank.
There was also speculation that the bank could scrap the auction of its remaining shares as the number of quoted tenders had surpassed the sealed tenders.
According to sources, two bidders had enclosed eight more tenders in two sealed envelopes. However, the price of each tender was quoted. Neupane said, without giving details, that the issue was settled as per the legal provisions of the country. However, an official at NEPSE said the different tenders quoting different prices in a sealed envelope by a single person was accepted when Nepal Bank Limited had sold its shares in Standard Chartered Bank at auction a few years ago in order to end crossholding.
"The same tradition could have been followed," the official said.
Source: Ekantipur.com
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