Promoter Shares of SJLIC, NLICL, And LBBL in Auction From Today
NIC Asia Bank Limited is selling the promoter shares of SuryaJyoti Life Insurance Company Limited (SJLIC) in the auction from today i.e. 16th Ashad to 23rd Ashad, 2081.
3,00,000 unit promoter shares of SJLIC are being auctioned. Qualified interested promoter shareholders, general public/company, and institutions are eligible to bid in the auction of SJLIC. Rs. 162 is the minimum bid rate and the minimum bid quantity for promoters’ shares is 5,000 units. Although bidders can bid for the entire issue, they must abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
NIC Asia Capital is the auction manager.
As of writing, SJLIC has an LTP of Rs. 399.90.
The existing promoters of National Life Insurance Company Limited (NLICL) are selling its 2,00,000 units of promoter share in an auction from 16th Ashadh, 2081.
Aradhana Malla intends to sell 2,00,000 units of promoter shares to the existing promoter shareholders. Interested individuals are requested to bid for the auction within 35 days from the date of publication of this notice, i.e. 16th Ashadh.
The shareholders should submit their bids at the central office of the company located at Lazimpat, Kathmandu. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be open for auction to the general public.
NLICL closed at Rs. 531.60. Meanwhile, NLICLP has an LTP of Rs. 293.50.
The existing promoter of Lumbini Bikas Bank Limited (LBBL) is auctioning 37,319 units of shares to the promoter shareholders from today.
Gopal Prasad Bastola intends to sell 15,000 units, Subash Maharjan intends to sell 4,776 units, and Shivaraj Acharya intends to sell 23,523 units of promoter shares to the promoter shareholders. Interested individuals are requested to bid for the auction within 15 days from the date of publication of this notice, i.e. 16th Ashadh.
The shareholders should submit their bids at the central office of the bank located at Dillibazar, Kathmandu. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be open for auction to the general public.
As of writing, LBBL closed at Rs. 374.00. Meanwhile, LBBLPO has an LTP of Rs. 216.00.
