10,39,504 Promoter Shares of Nepal Credit & Commerce Bank in Auction from Today
The existing promoters of Nepal Credit & Commerce Bank Limited (NCCB) are auctioning 10,39,504 units of shares to promoter shareholders from today i.e 12th Poush, 2079
10,39,504 units of promoter shares of NCCB is being auctioned. Only existing promoters are eligible to bid for the auction within 35 days from the date of publication of this notice, i.e. 12th Poush. The shareholders should submit their bids at the central office of the bank located at Bagbazar, Kathmandu.
If no bids are received from the existing founder shareholders within the mentioned date, then the shares will be later auctioned to the general public.
NCCB and Kumari Bank Limited (KBL) signed a Memorandum of Understanding (MoU) for the merger at a swap ratio of 1:1. The total paid-up capital of NCCB after the adjustment of 3.3663% bonus shares for FY 2078/79 stands Rs. 11.5 Arba, whereas KBL endorsed 12.50% cash dividend (including tax) from its paid-up capital of Rs. 14.71 Arba. The total paid up capital after the joint transaction will be Rs 26.22 arba of the company.
