December 20, 2020 | Investopaper
NIC Asia Bank Limited (NICA) is going to auction the promoter shares of two companies from Poush 5, 2077. Interested investors can submit their bids until Poush 10, 2077. The shares of companies under auction include:
Citizen Investment Trust (CIT): 2,02,560 shares
National Life Insurance Company Limited (NLICL): 1,14,306
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NIC Asia Bank has fixed the minimum price of each share of CIT at Rs. 2,740. Likewise, the minimum bid price for shares of NLICL is Rs 520. Highest bidders above the minimum bid price will receive the shares.
NIC Asia Capital Limited will manage the auction issue. One can purchase the application form for the auction from NIC Asia Capital Limited, Babarmahal and the allocated branches of NIC Asia Bank.
For full information regarding the auction, Click the link below: