NICA Auctioning 5,89,438 Promoter Shares of Mero Microfinance
NIC Asia Bank Limited is auctioning the promoter shares of Mero Microfinance Laghubitta. The auction will open from today, i.e. 4th Chaitra, 2077, and close on 7th Baisakh, 2078.
A total of 5,89,438 units 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. 437 is the minimum bid rate.
