NIC Asia Bank Auctioning Promoter Shares of Mero Microfinance Laghubitta From Today

Mon, May 31, 2021 11:29 AM on Latest, Auction,

NIC Asia Bank Limited is auctioning the promoter shares of Mero Microfinance Laghubitta Bittiya Sanstha Limited. The auction has opened from today, i.e. 17th Jestha, and will close on 31st Jestha, 2078.

A total of 60,418 unit promoter shares of Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) will be auctioned. These are the promoter shares of MERO currently owned by NIC Asia Bank. All eligible individuals, existing promoters, and institutions can bid for the auction.

While the minimum quantity is 100 units, bidders can bid for the entirety of the auction. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Rs. 572 is the minimum bid rate.

Auction notice