Three Microfinance Instituions are Auctioning Promoter Shares from 18th Baisakh
The existing promoters of Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) and Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) and National Laghubitta Bittiya Sanstha Limited (NMFBS) are selling 74,106 units, 78,209 units and 1,07,484 units of promoter shares in an auction to the general public from 18th Baisakh to 1st Jestha, 2083.
The existing promoters, the general public, and institutions are all eligible to bid for the auction.
The minimum bid rate for the auction of NMLBBL is Rs 334 , for the auction of MERO is Rs. 375 and for NMFBS is Rs.675 . The minimum bid quantity for all promoter shares is 1000 units.
Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Muktinath Capital Limited has been appointed as the auction manager.
