Nirdhan Utthan re-auctioning 1.45 lakh units unclaimed promoter shares of Nepal Grameen at Rs 200 & above

Nirdhan Utthan Bank Limited (NUBL) has been auctioning 1,45,572 units Nepal Grameen Bikas Bank Limited (NGBBL) unclaimed promoter share from Mangsir 12, 2074 at Rs 200 minimum price. Earlier, the microfinance company had auctioned 1,91,992 units shares of NGBBL at Rs 300 on Kartik 20 till Mangsir 6, 2074. Only 46,420 units promoter shares were claimed while 1,45,572 units promoter shares of NGBBL were not subscribed. The company is re-auctioning the unsold promoter shares of NGBBL which will last till Mangsir 26, 2073. The bid will open to conclude the auction on Mangsir 27, 2074 at 4:00 PM. Bidders must quote a minimum price of Rs 200 per unit, which means that the lowest bid amount must be more than Rs 200 or equal to Rs 200. Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. NIBL Capital Market Limited is the issue manager for this auction. The microfinance company has urged the interested bidders to submit their bids by 3:00 PM till Mangsir 26 at the NIBL Capital Market Limited office located at Lazimpat, Kathmandu. Applicants are requested to deposit the bid amount in Kumari Bank under the name of NIBL Capital Markets Limited in account number 0124524616846016 or they can submit by issuing Good for Payment cheque as well. Nirdhan Utthan Bank Limited (NUBL) will able to earn minimum Rs 3.84 crore if the entire shares are sold.