Excel Development Bank and NIC Asia Bank Auctioning Promoter Shares of These Companies
Excel Development Bank Limited is auctioning promoter shares of three companies. The bank is auctioning 5,770 units promoter shares of RMDC Laghubitta, 25,200 units of promoter shares of Grameen Bikas Laghubitta, and 95,649 units of promoter shares of United Insurance. Bidders can submit bids from 6th Falgun till 20th Falgun.
The minimum bid rate is Rs. 498 for the promoter shares of RMDC Laghubitta, Rs. 400 for that of Grameen Bikas Laghubitta, and Rs. 298 for the promoter shares of United Insurance.
While the minimum bid quantity is 1,000 units, bidders can bid for the entirety of the shares. Any quantity in between must be a multiple of 10.
NIC Asia Bank Limited is also going to auction 92,266 units promoter shares of National Life Insurance Company Limited. The auction will open from 29th Magh and close on 7th Falgun, 2077.
The minimum bid rate is Rs. 582 for the promoter shares of National Life Insurance Company Limited. While the minimum bid quantity is 100 units, bidders can bid for the entirety of the shares. Any quantity in between must be a multiple of 10.
