Promoter Shares of Multiple Companies Up for Auction in Nepal

NIC Asia Bank Limited (NICA) is auctioning 50,000 units of promoter shares of Citizen Investment Trust (CIT) from 11th Ashadh to 18th Ashadh, 2081. Qualified investors can participate in the auction with a minimum bid rate of Rs. 739 and a minimum bid quantity of 10,000 units. Bids must be submitted at the bank’s central office in Trade Tower Nepal, Thapathali, Kathmandu. Bidders must adhere to Nepal Rastra Bank’s rules regarding the quantity of shares per entity. CIT closed at Rs. 2,095.00, while CITPO has an LTP of Rs. 717.

Additionally, NMB Bank Limited (NMB) is auctioning 23,005 units of promoter shares starting from 11th Ashadh, 2081. Laxmi Datta Bohora intends to sell these shares to existing promoter shareholders. Interested individuals must submit bids within 35 days from the notice’s publication date to the Company’s Secretary in Babarmahal, Kathmandu. If no bids are received, the shares will be open for auction to the public. NMB closed at Rs. 190.00, with NMBPO having an LTP of Rs. 113.00.

Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) is also auctioning 20,000 unit shares from 11th Ashadh, 2081. The minimum bid rate is Rs. 575. Bids should be submitted to the Company’s Secretary in Dhalkebar, Dhanusha. If no bids are received from existing founders within the timeframe, the shares will be open to the public. MLBBL’s LTP is Rs. 1,400.00.

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is auctioning 21,051 units of shares. Laxmi Prasad Chaudhary is selling 4,641 units, and Dipak Belbase is selling 16,410 units. Interested individuals must submit bids within 35 days from 11th Ashadh at the bank’s central office in Saptari. If no bids are received, the shares will be open for public auction. MSLB closed at Rs. 1,337.90, with MSLBP at Rs. 584.00.

Finally, Kamana Sewa Bikas Bank Limited (KSBBL) is auctioning 5,980 units of shares to the public and institutions starting from 11th Ashadh, 2081. Bids must be submitted within 35 days at the bank’s central office in Gyaneshwor, Kathmandu. If no bids are received from existing promoters, the shares will be open for public auction. KSBBL closed at Rs. 368.00, while KSBBLP has an LTP of Rs. 200.00.