Wednesday, October 30, 2013

Nepal Bangladesh Bank to auction thousands of promoter & ordinary shares of NBB & NCCB

Nepal Bangladesh Bank Limited has issued a 21-day notice today for the auction of both promoter as well as ordinary shares held by the promoters related to NB Group.
Altogether 60,000 units of promoter shares of Nepal Bangladesh Bank held by Purna Bahadur Shrestha, 35,000 unit promoter share of Nepal Credit and Commerce Bank Limited held by NB Investment Private Limited, and 64,500 unit ordinary shares of Nepal Credit and Commerce held by Shangrila Investment Private Limited are being auctioned.

The bidders must submit separate bids for the three groups of shares by November 19, the sealed bids will be opened on November 20.

NB Bank is auctioning 60,000 unit promoter shares of NB Group after IFIC Bank, Bangladesh, which already holds a major stake of NBB Bank, did not take interest to buy those shares.

NB Bank had issued a 35-day notice to the defaulters one year ago.

It may also be noted here that NB Bank had issued similar notice a few days ago to recover the money from defaulters.

On Monday, Nepal Bangladesh Bank Limited has published a 21-day notice to auction 72,850 units ordinary shares and 27,150 units promoter shares of National Hydropower Co. Limited.

On Saturday, it had published a 21-day notice to auction 207,850 units promoter shares of National Hydropower Co. Limited.

OFFICIAL ANNOUNCEMENT
-Sharesansar

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