August 3, 2020 | Investopaper
Life Insurance Corporation (LIC) Nepal auctioning the 50,000 promoter shares of Citizen Investment Trust (CIT) at a price of Rs. 1,800 per share. The auction of the shares was open from Shrawan 12, 2077. Interested Investors can submit their bids until Shrawan 19, 2077.
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LIC Nepal has fixed the minimum price of each share at Rs. 1,800. Highest bidders above Rs 1,800 per share will receive the shares of Citizen Investment Trust (CIT).
Nepal SBI Merchant Banking Limited will manage the auction issue. The application for the auction can be purchased from Nepal SBI Merchant Banking, head office LIC Nepal and allotted branches of Nepal SBI Bank.
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