Last Day to Bid for Auction of Promoter Shares of These 3 Companies
NIC Asia Bank has been auctioning the promoter shares of National Life Insurance Company Limited (NLICL) and Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB). The auction opened on Jestha 13 and will close today, i.e. on Jestha 31 at the end of banking hours.
Individuals, institutions, and companies are all eligible to bid for the auction. 41,896 promoter shares of NLICL and 56,270 promoter shares of MSLB are being auctioned.
Rs. 517 is the minimum bid rate for the shares of NLICL and Rs. 800 is the minimum bid rate for promoter shares of MSLB. The minimum bid quantity for the shares of NLICL is 100 units while the minimum bid quantity for shares of MSLB is 500 units.
NIC Asia Bank Limited has also been auctioning the promoter shares of RMDC Laghubitta Bittiya Sanstha Limited.
4,27,595 units promoter shares of RMDC Laghubitta are in the auction from 16th Jestha. The auction will conclude today, i.e. 31st Jestha, 2078. Existing promoters, the general public, and institutions can all bid for the auction.
Rs. 477 is the minimum bid rate. While the minimum bid quantity for shares is 100 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.
