Last day to bid 10.31 lakh unit promoter shares of Nepal Insurance by Nepal bank at Rs 400 & above

Nepal Bank Limited (NBL) has been inviting sealed bids for 10, 31,674 units promoter shares of Nepal Insurance Company Limited (NICL) through an auction. Interested Investors have one more day to file their bids for the auctioned promoter shares of Nepal Insurance. The deadline for submitting sealed bids for the auctioned shares is ending today (Jestha 4, 2073) and the bids will be opened to conclude the auction on Jestha 5, 2073 at 3:15 PM. The minimum bid amount is set at Rs 400 and the interested applicants must bid for a minimum of 100 units of the share and maximum they can apply for 4, 31,410 units share. Siddhartha Capital Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till today at the Siddhartha Capital Limited located at Hanumansthan, Anamnagar, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00115207281 of the Siddhartha Capital Limited. Investors who want to buy/ bid or sell the promoter shares of Nepal Insurance Company will have to seek approval from Insurance Board. Promoter shares of Insurance companies are not easily tradable on Nepal Stock Exchange Limited (NEPSE). Investors have to meet the required criteria to make the transaction in NEPSE.