Shangri-la Development Bank Auction : Bid Opening today !!!

The bid opening Of Shangri-la Development Bank is set to take place today 

Shangri-la had auctioned 3.92 lakh units promoter shares and 5.09 lakh unit ordinary shares from 13th Chaitra to 20th Chaitra.

Shangri-la had issued 1,08,67,798.50 unit right shares at a ratio 10:8 from 17th Poush to 29th Magh, 2074. Approximately 8.30% of the right issue remained unclaimed and hence were auctioned. The company had announced to auction 9,01,997.50 units of unclaimed right shares. This includes 5,09,225 unit ordinary and 3,92,772.50 units promoter shares. 

Prabhu Capital Ltd is be managing the issue. The interested bidders could collect and submit the forms from Prabhu capital market, Kamaladi or stated branches of Shangri-la development bank and Prabhu bank outside the valley. 

Interested applicants could bid 100 or more unit of shares at a price Rs 100 or above. Applicants bidding the highest price will be allotted with shares.