“Infinity Laghubitta Bittiya Sanstha Limited (ILBS) Initiates Auction of Promoter Shares”

The current promoters of Infinity Laghubitta Bittiya Sanstha Limited (ILBS) have initiated an auction of 99,372 shares, making them available to both existing promoter shareholders and the general public or institutions. This auction commenced on the 26th of Ashwin, 2080. Interested parties, including individuals and promoter shareholders, have a 15-day window to place their bids. It is important to note that all bids must be submitted at ILBS’s central office located in Gaidakot, Nawalparasi. The last traded price (LTP) for ILBS as of now is Rs. 622.

In addition to the aforementioned auction, ILBS’s promoters are also offering 66,962 shares exclusively for existing promoter shareholders. This auction, like the previous one, began on the 26th of Ashwin, 2080. Existing promoter shareholders who wish to participate in the auction have the opportunity to do so. However, if no bids are received from the existing founder shareholders during the specified timeframe, these shares will later become open for auction to the general public. Interested investors who fall into this category should ensure that their bids are submitted at ILBS’s central office in Gaidakot, Nawalparasi within 35 days from the date of the notice’s publication. As of September 25, 2023, ILBSP has an LTP of Rs. 380.