351,817 Unit Promoter Shares of Prime Commercial Bank in Auction From Today
The existing promoters of Prime Commercial Bank Limited (PCBL) are selling 351,817 units of promoter shares in an auction to the general public from today i.e. 3rd Jestha to 17th Jestha, 2080.
351,817 units of promoter shares will be auctioned. Individual investors, companies, and institutions are all eligible to bid in an auction. Rs. 130 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 10,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule not to exceed the specified quantity of shares per entity.
Sanima Capital Limited is the auction manager. Bids will open at the premises of the auction manager on 17th Jestha, 2080 at 4 PM.
As of writing, PCBL has an LTP of Rs. 191.
