Last day to bid 4.33 lakh unit promoter shares owned by Nepal Insurance of Nepal Credit & Commerce Bank

Today (Falgun 8, 2074) is the last day to bid 4.33 lakh unit promoter shares of Nepal Credit and Commerce Bank Limited (NCCB) at Rs 170 and above. These shares are owned by Nepal Insurance Company Limited (NICL). The insurance company is auctioning 4,33,042 unit promoter shares of NCCB at Rs 170 per share and above. The auction was open from Magh 21, 2074. NIBL Capital Markets Limited is the issue manager for this auction. Bidders must quote a minimum price of Rs 170 per unit, which means that the lowest bid amount must be more than Rs 170. Interested bidders must bid for a minimum of 100 unit of shares and there is no limit for maximum unit to apply. Interested investors can collect bid forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and submit their bids within office hours today (Falgun 8, 2074). The bid will be opened at NIBL Capital Markets Limited, Lazimpath, Kathmandu on Falgun 9, 2074 at 4.00 PM. The insurance company has urged all bidders to deposit the bid amount in account number 0124524617093011 maintained in the name of NIBL Capital Markets Limited at Kumari Bank 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. Announcement: