Nepal Grameen Bikas Bank to auction 88,564.74 units promoter shares of RMDC from Jestha 16; Minimum bid price Rs 501

Nepal Grameen Bikas Bank Limited (NGBBL) is going to auction 88,564.74 units promoter shares of Rural Microfinance Development Centre (RMDC) from Jestha 16, 2074. Minimum bid price of Rs 501 per share has been set for the auction, which means the bid price must be equal to or greater than Rs 501 per share. Applicants must apply for a minimum of 1000 units and they can apply for up to 88,564.74 units of promoter shares. Only existing promoters of RMDC can bid for the shares. NMB Capital Limited is the issue manager for this auction. Interested bidders can collect auction forms from NMB Capital Limited, Nagpokhari, Naxal, Kathmandu and the share amount can be deposited in the account number 00100100054010000003 maintained in the name NMB Capital Limited – Issue Account at NMB Bank Limited. The auction forms must be submitted by Jestha 22, 2074 3:00PM at NMB Capital. The bid will open to conclude the auction on Jestha 23, 2074. Nepal Grameen Bikas Bank has earned net profit of Rs 19.58 crore in the third quarter of the FY 2073/74.