26,34,136 Promoter Shares of Nepal Credit & Commerce Bank in Auction From Today
The existing promoter of Nepal Credit & Commerce Bank Limited (NCCB) is auctioning the company's promoter shares. 26,34,136 shares are being auctioned from today, i.e. 1st Ashad to 15th Ashad, 2079.
The existing promoters, general public, and institutions are all eligible to bid for the auction.
Rs. 142 is the minimum bid rate for the auction. The minimum bid quantity for promoters’ shares is 1,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Sunrise Capital is the auction manager. Bids will be opened at the premises of the auction manager, Kamalpokhari, Kathmandu on 16th Ashad, starting at 11 am that day.
