Auction Closing Day of Nepal Finance Limited And Siddhartha Premier Insurance Promoter Shares

Nepal Finance Limited (NFS) concludes the auction of 10,94,471.187 units of unsubscribed promoter shares right shares, starting from the 3rd of Jestha, 2081.

The auctions commenced on the 20th of Baishakh, 2081, open to both the general public and institutions. The minimum bid rate stands at Rs. 100, with a minimum bid quantity of 1000 units per share. However, bidders must adhere to Nepal Rastra Bank's regulations to avoid exceeding the specified quantity of shares per entity.

Prabhu Capital has been appointed as the auction manager.

As of writing, NFS has an LTP of Rs. 541.80.

Similarly, The existing promoters of Siddhartha Premier Insurance Limited (SPIL) are also closing the auction of 5,90,187 units of promoter shares from today i.e. 3rd Jestha, 2081. The auctions were opened on 17th Baishakh, 2081.

5,90,187 unit promoter shares of SPIL were auctioned. Qualified interested promoter shareholders including the general public/institutions can bid for the auction. Rs. 170 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 2,000 units.

NIC Asia Capital Limited is the auction manager.

SPIL closed at Rs. 799.00. Meanwhile, SPILPO has an LTP of Rs. 220.00.