NIC Asia Bank Re-auctioning promoter shares of Citizen Investment Trust and National Life Insurance
NIC Asia Bank Limited is auctioning the promoter shares of National Life Insurance Company Limited and Citizen Investment Trust.
The auction will start from 1st Chaitra and close on 6th Chaitra, 2077. 25,000 units promoter shares of NLICL and 50,000 promoter shares of CIT will be auctioned. While only banks, financial institutions, and insurance companies are allowed to bid for the promoter shares of CIT, all eligible investors can bid for the shares of NLICL.
The minimum bid rate for the promoter shares of NLICL is Rs. 404. Meanwhile, the minimum bid rate for the promoter shares of CIT is Rs. 1,504. Bidders can bid for a minimum of 100 shares and a maximum of the entirety of the auctioned shares. Any quantity in between should be a multiple of 10.
