Nepal Grameen Bikas Bank to auction 88,564.74 units promoter shares of RMDC to promoters & general public from today at Rs 501 and above

Nepal Grameen Bikas Bank Limited (NGBBL) is auctioning its 88,564.74 units promoter shares of Rural Microfinance Development Centre (RMDC) from today to promoters as well as general public. Earlier, the company had auctioned the shares for existing promoters of RMDC only, but no applications were received, so the company has decided to auction the promoter shares for the general public too. 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 1,000 units and they can apply for up to 88,564.74 units of promoter shares. NMB Capital Limited is the issue manager for this auction. The auction forms must be submitted by Ashad 19, 2074 3:00PM at NMB Capital. The bid will open to conclude the auction on Ashad 20, 2074 at 4:00 PM. Interested bidders can collect auction forms from NMB Capital Limited, Nagpokhari, Naxal, Kathmandu and the bid amount can be deposited in the account number 00100100054010000003 maintained in the name NMB Capital Limited – Issue Account at NMB Bank Limited. Nepal Grameen Bikas Bank has earned net profit of Rs 19.58 crore in the third quarter of the FY 2073/74.