CIT Auctioning unsold Right Shares from today; Can add huge premium amount to the Company's Books
Citizen Investment Trust (CIT) is auctioning its 3,54,150.05 units of ordinary rights shares from today i.e. 21st Falgun to 2nd Chaitra, 2077. Individuals, companies, and institutions are all eligible to bid for the auction.
Citizen Investment Trust (CIT) had recently allotted its right shares to applicants. The company had issued its 1:0.8284 ratio i.e., 1,35,92,592 units right share to its shareholders from Poush 28 till Magh 19, 2077. In the allotment, 12,640 investors were allotted a total of 1,32,38,378.95 shares. The remaining shares will now be auctioned.
While the minimum bid quantity is 10 units, there is no upper limit. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. The minimum bid rate is Rs. 100.
While writing this, CIT has an LTP of Rs. 4,495.
