Prime Bank selling 52,750 units promoter shares of Nerude Laghubitta Bittiya Sanstha in an auction from Poush 16
Prime Commercial Bank is selling 52,750 units promoter shares of Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) in an auction. The auction will open from 16th Poush till 23rd Poush, 2077.
The existing promoters, general public and institutions are all eligible to bid for the auction.
Rs. 300 is the minimum bid rate for the auction. While the minimum bid quantity is 100 units, there is no upper limit. 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. Meanwhile, any quantity in between should be divisible by 10.
Sunrise Capital Limited is appointed the auction manager.
As of writing, Nerude Laghubitta Bittiya Sanstha Limited’s last day closing price of ordinary shares stands at Rs. 1003 per share.
