NCC Bank extends ongoing 70 lakh units auction of promoter shares closing date till Falgun 30

Nepal Credit and Commerce Bank Limited has published a notice regarding the extension of auction closing date. The closing date of the auction has been extended to Falgun 30, 2074. Earlier the closing date was set on Falgun 3, 2074. The bid will open on Chaitra 1, 2074 to conclude the auction at 11 A.M. The bank is selling 70 lakh unit promoter shares from Magh 18, 2074. Bidders must quote a minimum price of Rs 210 per unit, which means that the lowest bid amount must be more than Rs 210. Interested bidders must bid for a minimum of 100 unit of shares and there is no limit for maximum unit to apply. CBIL Capital Markets Limited is the issue manager for this auction. The bank has urged interested bidders to submit their bids by Falgun 30, 2074 at CBIL Capitals, Dillibazar, Kathmandu. The group has urged all bidders to deposit 5% of the total bid amount in account number 0480000046cc held in the name of CBIL Capital in Citizens Bank International Limited. Also the bidders can submit their application with Good for Payment Cheque. NCCB had earned Rs 35.45 crore in the second quarter of the FY 2074/75. Notice