Nepal Insurance Company has published the notice regarding the auction of its 4.33 lakh unit promoter shares of NCC Bank for the general public. The bank has called for the interested applicants to submit their bids between Magh 21, 2074 till Magh 28, 2074.
The public notice published by the insurance company today, it is seeking to sell the ownership of 4,33,042 unit promoters shares through the upcoming auction process. Interested applicants are required to submit their bid application quoting the minimum bid price of Rs 170, as per the notice.
NIBL Capital Lazimpat, Kathmandu has been appointed as the issue manager for the proposed auction process. Interested applicants who fulfill all the criteria for purchasing promoter shares can submit the application with all the necessary documents between Magh 21 and Magh 28 demanding a minimum 100 unit of shares. The bid opening day has been set on Magh 29, 2074 at 4 p.m.
Interested applicants to deposit the total bid amount in the account no 0124524617093011 held in the name of NIBL Capital in Kumari Bank Limited, Putalisadak, Kathmandu. S/He is required to include either original deposit voucher or good for payment cheque issued in the name of NIBL Capital.
NB Group has also decided to exit form the promoters group of NCC Bank by offering its 70 lakh units promoters shares in auction. The offer of the same promoters shares in two different prices is definitely a matter of concern from the investor’s point of view. source: sharesansar