The central bank is auctioning the share at a minimum price of Rs 1,032 per share to banks, financial institutions, securities traders and listed corporations.
As per the NRB notice, the bidders are required to bid for at least 5-10 percent shares of paid-up capital of NEPSE. In this regard, the interested bidders are required to file 10 percent advance guarantee by August 19 and the auction will open on August 21.
In NEPSE, the government of Nepal has share ownership of 58.66 percent while that of NRB is 34.60 percent. Similarly, Rastriya Banijya Bank has share ownership of 6.12 and stock brokers have share ownership 0.62 percent in NEPSE.
Although the government and NRB announced of disinvest the NEPSE shares since the last three years, NRB initiate the process just now and the government has not signaled of any step forward.