NIC Asia Auctioning Promoter Shares of National Life Insurance and RMDC

Kathmandu, March 2

NIC Asia Bank Limited has been auctioning promoter shares of National Life Insurance Company Limited (NLICL) and RMDC Laghubitta Bittiya Sanstha Limited.

The bank has auctioned 25,000 units promoter shares of NLICL from 17th Falgun which will conclude on 23rd Falgun, 2077. The opened auction of 2,20,000 units promoter shares of RMDC Laghubitta Bittiya Sanstha Limited from today, i.e. 18th Falgun will conclude on 23rd Chaitra, 2077.

For the promoter shares of NLICL, the minimum bid rate is Rs. 492. Meanwhile, the minimum bid rate for RMDC is Rs. 434. For both the auctions, 100 units is the minimum bid quantity. Bidders can bid for the entirety of shares. However, bidders are required to abide by Nepal Rastra Bank’s rule to not exceed the specified quantity of shares per entity. Individuals, companies, and institutions are all eligible to bid for the auction.