Nepal Investment Bank starts auctioning promoter shares

Nov 07, 2019 02:14 PM Merolagani

Nepal Investment Bank (NIB) has started auctioning 29,380 units of promoter shares from November 7-14 to the existing shareholders, BFIs and other eligible individuals, companies and institutions.

The bank has appointed NIBL Ace Capital as its issue manager. The interested eligible investors can bid for the shares from NIBL Ace Capital at Lazimpat, Kathmandu.

The bidders can bid for a minimum of 3000 units of shares and maximum of all shares under NRB limit at a minimum price of Rs 275.

According to the issue manager, the bid will be opened on November 18 in NIBL Ace Capital, Lazimpat, Kathmandu at 10:30 AM.

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