Promoter Shares of These Companies Are in Auction From Today

promoter-shares-of-these-companies-are-in-auction-from-today

Prudential Capital Management Company Limited is auctioning the promoter shares of three companies from today. The auction has opened today, i.e. 3rd Mangsir, and will close on 10th Mangsir, 2078.

The promoter shares of Prabhu Bank Limited (PRVU), Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS), and Prime Commercial Bank Limited (PCBL) are being auctioned. Individuals, promoters, and institutions are all eligible to bid for the auction.

These are the details:

Company Symbol Share Type

Share Units

Minimum Bid Rate (In rs )

PRVU Promoter Share 50,000 205
GBLBS

Promoter Share

35,000 350
PCBL

Promoter Share

66,675 225

While the minimum bid quantity is 2,000 units, there is no upper limit. However, bidders are required to abide by Nepal Rastra Bank’s rule to not exceed the specified quantity of shares per entity.

NIC Asia Capital has been appointed the auction manager.

Auction Notice

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