Siddhartha Capital to auction 49,687 units Promoter shares of Sunrise bank; Ordinary public can also apply

Siddhartha Capital has decided to auction 49,687 units Promoter shares of Sunrise Bank. The shares were previously held by Siddhartha Investment Growth Scheme.(SIGS1). In the due course of the liquidation of this scheme, Siddhartha capital has made the decision. 

The auction units include 6,481 units of bonus shares that are yet to get listed in stock exchange. 

The auction will start from Poush 24th. Interested bidders should bid minimum 1000 units till Magh 24th. Applicant needs to disclose the desired units, bid amount and other information clearly. The payment can be made from a "Good for Payment Cheque" on the name of Siddhartha Capital Limited. 

Applicants in case of an ordinary person need to attach the following to the application form:

• 1 passport size photo
• Self-varified photocopy of citizenship.
• Demat acknowledgment letter. 

Sunrise Bank currently has reached a paid-up capital of Rs 8.14 arba after the declaration of 15% bonus shares. The company earned a net profit of Rs 20.79 crores as of 1st quarter of 2074/75. 

The cutoff price of Sunrise bank promoter shares stood at Rs 181 at the time the company auctioned 72,612 units of the unclaimed right shares.  

 Ordinary shares of Sunrise Bank was last traded at Rs 264 in the stock exchange.