Promoter Shares of Citizen Investment Trust And Siddhartha Bank in Auction From Today
NIC Asia Bank Limited (NICA) is selling 50,000 units of promoter shares of Citizen Investment Trust (CIT) in an auction to qualified investors from 7th Shrawan to 14th Shrawan, 2081.
50,000 units of promoter shares of CIT will be auctioned. Qualified investors are eligible to bid for the auction. The minimum bid rate for the auction is Rs. 707 while the minimum bid quantity is 10,000 units. The shareholders should submit their bids at the central office of the bank located at Trade Tower Nepal, Thapathali, Kathmandu. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
CIT closed at Rs. 2,105.00. Meanwhile, CITPO has an LTP of Rs. 717.
The existing promoter of Siddhartha Bank Limited (SBL) is also auctioning 72,927 units of shares to the general public/institutions from today i.e. 7th Shrawan, 2081.
Chanchal Devi Jain intends to sell 72,927 units. The general public/institutions are eligible to bid for the auction within 7 days from the date of publication of this notice, i.e. 7th Shrawan. The shareholders should submit their bids at the central office of the bank located at Hattisar, Kathmandu.
Since no bids were received from existing founder shareholders within the specified timeframe, the shares are auctioned to the general public.
As of writing, SBL has an LTP of Rs. 316.90. Meanwhile, SBLPO has an LTP of Rs. 137.70.
