Bank of Kathmandu Auctioning Promoter Shares of RMDC and CBBL
Bank of Kathmandu Limited is auctioning the promoter shares of two microfinance companies from today.
Bank of Kathmandu Limited is auctioning the promoter shares of RMDC Laghubitta Bittiya Sanstha Limited. The auction has opened today, i.e. on 13th Chaitra, and will close on 18th Baisakh, 2079.
1,49,800 units promoter shares of RMDC Laghubitta are being auctioned.
The existing promoters, general public, and institutions are all eligible to bid for the auction. Rs. 540 is the minimum bid rate for the auction. While the minimum bid quantity for promoters’ shares is 2,000 units, there is no upper limit for both shares. 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.
BOK Capital Limited is appointed the auction manager.
Similarly, Bank of Kathmandu Limited is auctioning the promoter shares of Chhimek Laghubitta Bittiya Sanstha Limited. The auction has opened today, i.e. on 13th Chaitra, and will close on 18th Baisakh, 2079.
6,06,140 units promoter shares of Chhimek Laghubitta are being auctioned.
The existing promoters, general public, and institutions are all eligible to bid for the auction. Rs. 600 is the minimum bid rate for the auction. While the minimum bid quantity for promoters’ shares is 2,000 units, there is no upper limit for both shares. 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.
BOK Capital Limited is appointed the auction manager.
