First Microfinance auctioning shares; 1 lakh shares at auction

Kathmandu, April 6

First Microfinance Company Limited has auctioned shares of the founder group. A company’s shareholder of the founder group has put 100,000 shares owned by founders in the auction.

Sealed bids can be submitted for the shares put up for auction from Chaitra 23 to Baisakh 26. Existing founders and any other person, company or association can apply for the auctioned shares.

The minimum price of the shares has been fixed at Rs. 295 per share. When submitting the application, one have to submit the sealed bids by accepting the minimum price or more. Investors will be able to apply for a minimum of 100 lots and maximum of more than 100 lots. The securities sales manager is BOK Capital Market Limited. Investors can get and submit the form by contacting the sales manager’s office.