NIC Asia Bank Starts Auction of SJLIC Promoter Shares

NIC Asia Bank Limited has begun the auction of 300,000 promoter shares of SuryaJyoti Life Insurance Company Limited (SJLIC) starting today, 4th Ashad, and running until 11th Ashad, 2081. This auction invites bids from qualified interested promoter shareholders, the general public, companies, and institutions.

The minimum bid rate is set at Rs. 210, and the minimum bid quantity for the promoter shares is 5,000 units. While bidders can bid for the entire 300,000 units, they must comply with Nepal Rastra Bank’s regulations regarding the maximum quantity of shares per entity.

NIC Asia Capital is managing the auction.

As of now, SJLIC has a Last Traded Price (LTP) of Rs. 411.90.


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