NRB to sell its shareholding on NEPSE from today: Minimum price will be Rs 1032

Nepal Rastra Bank (NRB) the central bank of Nepal, is selling its 34.6% share of Nepal Stock Exchange (NEPSE) through the auction. NRB invites proposal letter from the organized institution for the buying of 17,29,989 unit shares.  

The minimum share price Rs 1032 is set on the basis of Due Diligence Audit (DDA). Therefore the applicants should place order for Rs 1032 or more per unit. The minimum size of the share price is Rs 1.78 arba. The auction is opened from today i.e. from Ashadh 31, 2076 and the last date for proposal is on Bhadra 2, 2076.  

Bank and financial institutions, securities broker and listed organization will be eligible for the proposal for buying the share. Interested applicants can collects application form from Debt Management Department by paying Rs 500 non-refundable amount.

Government of Nepal owned majority of shares on NEPSE, i.e. Government holds 58.66% in NEPSE. Similarly, Rastriya Banijya Bank holds 6.12% share in NEPSE and different stock broker holds 0.62% stake in NEPSE.

Through the monetary policy of current fiscal year, NRB had announced to sell its investment gradually. Following its announcement, NEB is open to sell its stake on NEPSE. NEPSE is also about to sell its stake in Rastriya Beema Sansthan and Rural Microfinance Development center.

Click here to see the notice.