NRB Divesting from Listed Companies

Sep 18, 2019 02:15 PM Merolagani

Nepal Rastra Bank (NRB) has started divesting from listed companies simultaneously. The bank that recently divests its stocks in RMDC Laghubitta and Nepal Stock Exchange (NEPSE) is set to auction promoter shares of Grameen Bikas Laghubitta.

NRB is auctioning 299,982 units of promoter shares of Grameen Bikas from September 17. The auction will close on October 21. According to NRB, the promoter shares of Grameen Bikas can bid for the shares.

The shares are biddable at a minimum price of Rs 125. The last traded price of the stock is at Rs 330.

The bid will open on October 23 at 11:00 AM NRB premises at Baluwatar. The promoter shareholders acquiring the auctioned shares are eligible to obtain dividend announced by the company.

comments powered by Disqus