May 29: Prabhu bank has opened auction bidding sale of 157271.60 promoters’ right shares and 184614.40 general right shares that were unsold during the issuance. Earlier, it had issued right shares for its shareholders from February 28 to April 10.

The bank has provided June 14-29 to submit sealed tender. As the minimum price per share is Rs 100, interested bidder will have to bid above Rs 100. The bank has restricted multiple bids from single individual, company or organisation. Interested bidder can bid for minimum of 100 units and maximum of all shares multipliable by 10.