IME Life New

Nepal Investment Mega Bank to auction 850,000 units of shares

SPIL
Global College
Nepal Life New

Kathmandu. A total of 850,000 units of shares of Nepal Investment Mega Bank (NIB) will be put on sale from April 15.

A total of 850,000 units of shares of the bank’s founding group will be put on sale through an auction process. Currently, only the founding shareholders will be able to apply for this share.

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The minimum price of shares to be put up for auction has been fixed at Rs 101 per share. This means that while submitting bids for the purchase of shares, the minimum price or more will have to be bidding.

The bid has to be submitted by 3 pm on April 15. The bid can be submitted at muktinath capital office at Naxal Narayanchaur in Kathmandu.

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