The current promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has initiated an auction for 60,617 units of shares, targeting existing promoter shareholders. Govinda Sharma and Saraswati Joshi plan to sell 31,266 and 29,351 units, respectively. Interested parties are invited to bid within 35 days from the notice’s publication date. Bids can be submitted at the corporate office in Lalitpur or Kumari Capital Limited in Kathmandu. If no bids are received within the specified timeframe, the shares will be opened for auction to the general public. SWMF closed at Rs. 562, and SWMFPO has an LTP of Rs. 225.55 as of October 8, 2023.
In a similar move, the existing promoter of Asha Laghubitta Bittiya Sanstha Limited (ALBSL) is auctioning 87,014 units of shares to its current promoter shareholders. The auction, open from 11th Mangsir, 2080, invites interested shareholders to bid within 35 days from the notice’s publication. Bids should be submitted at the company’s central office in Kavrepalanchok. If no bids are received from existing shareholders within the specified timeframe, the shares will later be auctioned to the general public or institutions. ALBSL currently has an LTP of Rs. 600, while ALBSLP has an LTP of Rs. 323.75 as of November 2, 2023.