NIC Asia Bank Initiates Auction for Promoter Shares of SWMF, And CIT Trust From Today
NIC Asia Bank Limited is selling the promoter shares of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Citizen Investment Trust (CIT) in the auction from today i.e. 26th Mangsir to 3rd Poush, 2081.
51,805 unit promoter shares of SWMF, and 50,000 unit promoter shares of CIT are being auctioned. Qualified investors are eligible to bid in the auction of both companies.
The minimum bid rates for various auctions are as follows: Rs. 277 for SWMF, and Rs. 763 for CIT. For the promoters' shares, the minimum bid quantity is 5,000 units, with no upper limit specified.
NIC Asia Capital is the auction manager. As of writing, SWMF, and CIT have an LTP of Rs. 775.10, and Rs.2,172.50 respectively.
