NIC Asia Bank Auctioning Promoter Shares of NLICL and CIT
NIC Asia Bank Limited is auctioning 47,506 units promoter shares of National Life Insurance Company Limited (NLICL) and 50,000 units promoter shares of Citizen Investment Trust (CIT). The auction has opened from today, 19th Baisakh, and will close on 24th Baisakh, 2077.
The minimum bid rate for the shares of NLICL is Rs. 443 while the minimum bid rate for shares of CIT is Rs. 1,347. Only banks, financial institutions, and insurance companies are eligible to bid for the promoter shares of CIT. Meanwhile, all eligible investors can bid for the shares of NLICL.
While the minimum permissible bid quantity is 100 units, bidders can bid for the entirety of the issue.
