Manjushree Finance to sell around 39k unit shares ; Auction to commence from 14th Jestha

Manjushree Finance has published a notice regarding auction of its unclaimed right shares. 

As per the notice, the company will auction 16,563.9 units promoter and 22,548.1 units ordinary shares at a price Rs 100 or above. The auction is scheduled to commence from Jestha 14th and end on Jestha 21st, 2075. 

Interested bidders can bid minimum 100 units for ordinary type shares whereas minimum 1000 unit should be the bid for promoter type shares. Even general pulic can apply for promoter type shares. 

NIBL ACE Capital will be managing the auction. 

Interested bidders can submit their bid in NIBL ACE Capital or any of its branches or even the head office of Manjushree finance in New Baneshwor, Kathmandu. Similarly, bidders can also place bid from Nepal Investment Bank branches in Surkhet, Narayanghat, Nepalgunj or Dhangadi.

Manjushree finance had floated 5% right share from Chaitra 8th. The issue ended on Baishakh 12th, 2075. The unclaimed shares at that time are now being auctioned.

MFIL was last traded for Rs 129 in the stock exchange.