Nepal Bank auctioning 3.99 lakh units promoter share of Citizen Investment Trust at Rs 3500 & above from today; Bidders must bid for minimum 25,000 units

Nepal Bank Limited (NBL) is inviting sealed bids for 3, 99,940 units of promoter shares of Citizen Investment Trust Limited through an auction. As per the notice published by the bank today, the commercial bank has stated that the minimum bid amount is set at Rs 3,500 and the interested applicants must bid for a minimum of 25,000 units of the share and maximum they can apply for 3,99,940 units share. The auction starts from today and will last till Bhadra 5, 2073.The sealed bid will be open on Bhadra 6, 2073 at 3:15 PM. Only  BFIs and Insurance companies  can  apply for the auctioned shares 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 Bhadra 5 at the Siddhartha Capital Limited located at Hanumansthan, Anamnagar, Kathmandu. The Good for Payement Cheque/ Manager’s Cheue or the original copy of the draft must be attached to the closed bid application and submitted to Siddhartha Capital Limited till Bhadra 5, 2073. The last traded price (LTP) of CIT stand at Rs 5,200 as on July 31, 2016.