NIC Asia Bank Auctioning Promoter Shares of CIT, SWMF and MSLB From Today
NIC Asia Bank Limited (NICA) is auctioning the promoter shares of Citizen Investment Trust (CIT), Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) from today i.e. on 24th Shrawan to 31st Shrawan, 2080.
50,000 units of promoter shares of Citizen Investment Trust and 4,920 unit promoter shares of Mahuli Laghubitta are being auctioned where only qualified investors are eligible to bid in an auction. The minimum bid quantity for promoters’ shares of CIT is 1000 units whereas the minimum bid rate is Rs. 711. However, the minimum bid quantity for MSLB's promoter shares is 500 and the minimum bid rate is Rs. 277.
Similarly, 82,105 unit promoter shares of SWMF will be auctioned to the interested general public/institutions. The minimum bid rate is Rs. 237 while the minimum bid quantity is 100 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 for all three auctions.
