Nirdhan Utthan auctioning 1.91 lakh units promoter shares of Nepal Grameen at Rs 300 minimum; will earn Rs 3.84 cr minimum if all sold

Nirdhan Utthan Bank Limited (NUBL) is auctioning 1,91,992 units Nepal Grameen Bikas Bank promoter share from today (Kartik 28, 2073) at Rs 300 minimum price. Only the existing promoters are eligible to apply for the auction. The auction will last till Poush 3, 2073. The bid will open to conclude the auction on Poush 4, 2073 at 4:00 PM. Bidders must quote a minimum price of Rs 300 per unit, which means that the lowest bid amount must be more than Rs 300 or equal to Rs 300. Interested bidders must bid for a minimum of 100 units of share. And there is no limit in buying shares at maximum. NIBL Capital Market Limited is the issue manager for this auction. The bank has urged the interested bidders to submit their bids by 3:00 PM till Poush 3 at the NIBL Capital Market Limited office located at Lazimpat, Kathmandu. Nirdhan Utthan Bank Limited (NUBL) will able to earn minimum Rs 3.84 crore if the entire shares are sold.