Nepal Insurance to auction promoter shares of NCC Bank

Sep 11, 2020 10:21 AM Merolagani

Nepal Insurance (NICL) is set to auction 500,000 units of promoter shares of Nepal Credit and Commerce Bank (NCCB).

The interested existing promoter shareholders, interested individuals, companies and institutions can bid for the shares from September 18 to October 22.

The minimum bid price for the shares is Rs 110. The interested bidders can bid for a minimum of 1,000 and maximum of all shares. The company has appointed NIBL Ace Capital as its issue manager.

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