NIDC Dev. Bank to auction 1.62 lakh units promoter share of Nabil Bank at Rs 1,353 & above from today

NIDC Development Bank Limited (NIDC) is inviting sealed bids for 1, 62,981 units of (Group B) promoter shares of Nabil Bank Limited through an auction to end the crossholding among the BFIs. As per the notice published by the bank today, the state-run development bank had stated the minimum bid amount was set at Rs 1,353 and that the interested applicants must bid for a minimum of 100 units of the scrip or above. The auction starts from today and will last till 21 days of the notice publication. Within 21 days, bidders need to submit the bid at NIDC’s central office at Durbar Marg or its branches at New Road, Biratnagar, Pokhara and Dhangadhi. Interested bidder had to deposit 2.5 percent of the total bid amount in advance in the account number 916084129 of NIDC Development Bank Limited. The tender bid form costs Rs 500. Bidders should mention Demat account compulsorily to bid in the auction. The last traded price of Nabil Bank Promoter share (NABILP)  stood at Rs 1514 as on March 24, 2016. Click here to view announcemnet