Nepal Insurance closing auction for 4.44 lakh unit promoter shares of Nepal Credit & Commerce Bank at Rs 185 & above today

Nepal Insurance Company Limited (NICL) is closing sealed bids for 4,44,622 units of promoter shares of Nepal Credit & Commerce Bank Limited (NCCB) through an auction today (Poush 3, 2074). The insurance company had stated that the minimum bid amount is set at Rs 185 and the interested applicants must bid for a minimum of 100 units of the share and there is no any ceiling for highest bid unit. The auction was open from Kartik 28, 2074. The sealed bid will be open on Poush 5, 2074 at 4 PM. NIBL Capital Markets Limited is the issue manager for this auction. The insurance has urged the interested bidders to submit their bids by 3:00 PM till Poush 3 at the NIBL Capital Markets Limited located at Lazimpath, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 0124524617093011 of the NIBL Capital Markets Limited at Kumari Bank Limited. NCCB has earned Rs 16.45 crore in the first quarter of the FY 2074/75.