NIC Asia Bank Auctioning 3.92 Lakh Promoter Shares of Sana Kisan Laghubitta
NIC Asia Bank Limited (NICA) is auctioning the holding of the promoter shares of Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) from today i.e. 24th Mangsir to 29th Poush, 2080.
3,92,657 unit promoter shares of SKBBL are being auctioned. Qualified interested promoter shareholders of Sana Kisan Co-operative and other promoter shareholders are eligible to bid in the auction of SKBBL. However, the first priority is given to the Sana Kisan Co-operative as per the notice. Rs. 348 is the minimum bid rate for the auction. The minimum bid quantity for promoters’ shares is 1,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
NIC Asia Capital is the auction manager of the issue.
As of writing, SKBBL has an LTP of Rs. 881.
