Life Insurance Corporation to auction promoter shares of CIT

Oct 15, 2019 10:34 AM Merolagani

Life Insurance Corporation (LICN) is set to auction 50,000 units of promoter shares of Citizens Investment Trust (CIT) under its ownership from October 15 to November 4.

The company has appointed Nepal SBI Merchant Banking as its issue manager. The interested BFIs and insurance companies can bid for a minimum of 100 and maximum of all shares divisible by 10.

The interested investors can apply for the shares at a minimum price of Rs 1,595 from Nepal SBI Merchant Banking at Hattisar-Kathmandu, head office of Life Insurance Corporation at Putalisadak, Kathmandu and Biratnagar, Birtamod, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Dang, Nepalgunj, Surkhet, Dhangadhi and Mahendarnagar branch of Nepal SBI Bank.

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