The existing promoter of Prabhu Bank Limited (PRVU) has announced the auction of 3,68,084 units of promoter shares. This auction is exclusively open to current promoter shareholders, who can place their bids within 35 days from the notice publication date, i.e., 8th Jestha. Interested promoter shareholders must submit their bids at the bank’s central office located at Babarmahal, Kathmandu. Should no bids be received within this period, the shares will subsequently be auctioned to the general public.
In a parallel development, Prabhu Bank Limited is also auctioning 6,56,234 units of promoter shares to the general public and institutions. This auction is open for bids as of today, 8th Jestha, 2081, following no bids from existing shareholders within the allocated timeframe. Interested bidders from the general public are invited to place their bids within 15 days from the notice date at the bank’s central office in Babarmahal, Kathmandu.
As of the latest trading session, PRVU shares closed at Rs. 149.50, while PRVUPO has a last traded price (LTP) of Rs. 100.00.
Disclaimer
The information provided in this article is for general informational and educational purposes only. It should not be interpreted as financial, investment, trading, or professional advice. Market data, company announcements, ratings, and analysis may contain errors, may change without notice, and should always be verified directly from official filings, regulatory disclosures, and company press releases.
Investing in the share market, IPOs, FPOs, mutual funds, insurance products, or any financial instruments carries inherent risks. Past performance does not guarantee future results. Readers are strongly encouraged to consult a licensed financial advisor, investment professional, or legal expert before making any investment decisions. This website and its authors are not responsible for any financial losses, decisions, or actions taken based on the information provided.
