Shree Ganesh Properties & Investment Auctioning Promoter Shares of ICFC Finance Limited And Himalayan Life Insurance From Today
Shree Ganesh Properties & Investment Private Limited is auctioning the 1,00,612 unit promoter shares of ICFC Finance Limited (ICFC) and 1,24,833 units of promoter shares of Himalayan Life Insurance Limited (HLI) from today i.e. 11th Poush to 19th Poush, 2080 to the qualified interested parties, including promoter shareholders, the general public, and institutions.
1,00,612 unit promoter shares of ICFC and 1,24,833 unit promoter shares of HLI are being auctioned. The minimum bid quantity for both promoters’ shares of ICFC and HLI is 10,000 units. However, bidders are required to abide by the Nepal Insurance Authority's and Nepal Rastra Bank rule to not exceed the specified quantity of shares per entity.
Qualified interested promoter shareholders/general public/institutions are eligible to bid in the auction. Rs. 175 is the minimum bid rate for the ICFC auction and Rs. 200 is the minimum bid rate for the HLI auction. Interested investors should submit their bids at the central office of the bank, NIC Asia Capital Limited, located at Thapathali-11, Kathmandu, 4th floor of Trade Tower.
NIC Asia Capital Limited is the auction manager of the issue.
As of writing, ICFC has an LTP of Rs. 485.40 and HLI has an LTP of Rs. 452.
