When is the Bid Opening for the auction of National Microfinance and Nepal Credit & Commerce Bank's promoter shares?
National Microfinance Laghubitta Bittiya Sanstha Limited had auctioned its 1,10,000 units promoter share to the general public from 2nd Ashwin to 6th Kartik, 2077.
The minimum bid rate for the auction was set at Rs. 725 while the minimum bid quantity was 1,000 units.
Similarly, Nepal Insurance Company Limited had also auctioned its 5,00,000 units promoter shares of Nepal Credit & Commerce Bank Limited from 2nd Ashwin to 6th Kartik, 2077. The minimum bid rate was set at Rs. 110 while the minimum bid quantity was 1,000 units.
NIBL Ace Capital was the auction manager for both the auctions. Both auctions accepted bids from individual investors and financial institutions.
Issuing a new notice today, the auction manager has notified about the bid opening date for bids received in both the auctions. While the bids of National Microfinance's auction will be opened from 11 am on Kartik 16, the bids of Nepal Insurance's auction will be opened from 11:30 am the same day. Both the bid openings will be streamed live via NIBL Ace Capital's Facebook page.
