NICA Auctioning Promoter Shares of Mahuli Laghubitta (MSLB)
NIC Asia Bank Limited (NICA) is auctioning the promoter shares of Mahuli Laghubitta Bittiya Sanstha Limited (MSLB). The bank is auctioning 56,270 promoter shares of the microfinance company that was in its ownership.
This auction will open on Chaitra 18th and close on Baisakh 21st of next year. All eligible individuals, companies, and institutions can bid for the auction. The existing promoters will be prioritised.
While the minimum bid quantity is 500 units, the minimum bid rate is Rs. 791. Bidders can bid for the entirety of the issue but they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Allottees will be able to claim any rights offering, bonus shares, and dividend declared by the company after Chaitra 18.
