Last day to bid 70 lakh unit auctioned promoter shares of Nepal Credit & Commerce Bank

NCC Bank is closing auction of 70 lakh unit promoter shares today (Falgun 30, 2074). All the 70 lakh unit shares belong to NB group and the group will be exiting from the promoter of NCC Bank. The auction was open from Magh 18, 2074. NB Group has been auctioning 70 lakh unit promoter shares of NCCB at Rs 210 per share and above. Bidders must quote a minimum price of Rs 210 per unit, which means that the lowest bid amount must be more than Rs 210. Interested bidders must bid for a minimum of 100 unit of shares and there is no limit for maximum unit to apply. CBIL Capital Markets Limited is the issue manager for this auction. Interested investors can collect bid forms from CBIL Capital Markets Limited, Dillibazar, Kathmandu. The bid will be opened at CBIL Capital Markets Limited, Dillibazar, Kathmandu on Falgun 6, 2074 at 11 AM. The group has urged all bidders to deposit 5% of the total bid amount in account number 0480000046cc held in the name of CBIL Capital in Citizens Bank International 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