5,96,921 and 7,17,950 Unit Promoter Shares of NLIC and NICA in Auction From Today
Global IME Capital is auctioning 5,96,921 units and 7,17,950 unit promoter shares of Nepal Life Insurance Company Limited (NLIC) and NIC Asia Bank Limited (NICA) respectively. The auction is open from today i.e 5th Shrawan and will close on 19th Shrawan, 2079.
The company had issued 5,97,921 promoter shares of NLIC and 7,19,950 promoter shares of NICA from 8th Ashad to 16th Ashad, 2079. Since, only 1000 units of NLIC and 2000 units of NICA were sold, the institutions are auctioning the remaining shares from today.
Existing promoters, individual investors, companies, and institutions are all eligible to bid for an auction. While the minimum bid quantity is 1000 units for the auction of both the shares, there is no upper limit. However, bidders are required to abide by Nepal Rastra Bank and Beema Samiti's rule to not exceed the specified quantity of shares per entity.
Rs. 700 is the minimum bid rate for the auction of promoter shares of NLIC whereas minimum bid rate for NICA's auction is Rs. 425. Global IME Capital is appointed as the auction manager for both the auction.
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