Shangrila Development Bank Limited (SADBL) has announced the auction of 7,642 units of promoter shares to its existing promoter shareholders starting today.
The auction is exclusively open to current promoters, who have 35 days from the publication date, i.e., 9th Jestha, to submit their bids. Interested shareholders must place their bids at the bank’s central office located in Baluwatar, Kathmandu.
Should no bids be received from existing shareholders within the specified period, the shares will then be made available for auction to the general public.
SADBL’s last traded price (LTP) stood at Rs. 319, while SADBLP, the preferred share, has an LTP of Rs. 173.