NIC Asia Bank Auctioning Promoter Shares of NLICL and RMDC

NIC Asia Bank Limited has been auctioning 25,000 units promoter shares of National Life Insurance Company Limited (NLICL) from 17th Falgun. The auction will conclude on 23rd Falgun, 2077. Similarly, the bank has also opened the auction of 2,20,000 units promoter shares of RMDC Laghubitta Bittiya Sanstha Limited from today, i.e. 18th Falgun. This auction will conclude on 23rd Chaitra, 2077.

Individuals, companies, and institutions are all eligible to bid for the auction.

Rs. 492 is the minimum bid rate for the promoter shares of NLICL while Rs. 434 is the minimum bid rate for RMDC. For both the auctions, 100 units is the minimum bid quantity. Bidders can bid for the entirety of shares. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.

Auction of NLICL's promoter shares

Auction of RMDC's promoter shares