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Kathmandu - More than 1.3 million shares of Nepal Life Insurance and NIC Asia Bank have been opened for sale through the auction process from today.
A total of 13 lakh 16 thousand 871 shares of Nepal Life Insurance and NIC Asia Bank have been placed in founder share auction. In this auction shares, existing founders as well as any interested person, company and organization can apply for purchase.
Among the shares placed in the auction, the minimum share price of Nepal Life Insurance has been fixed at Rs 700 and that of NIC Asia Bank at Rs 425. This means that the minimum price or more will have to be bid when submitting the bid.
When submitting a bid, a purchase application can be made for the entire lot with a minimum of 1,000 units and a maximum of 10 units. The last date for submission of bids has been fixed on June 27, banking time.
Bids can be submitted at the offices of Global IME Capital in Naxal, Kathmandu, as well as Global IME Bank branches in Birtamod, Biratnagar, Janakpur, Birgunj, Hetauda, Narayangadh, Pokhara, Butwal, Baglung, Nepalgunj, Surkhet, Ghorahi, Dhangadhi and Mahendranagar.
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