Promoter Share of CIT up for Auction

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Promoter Share of CIT up for Auction

July 27: Promoter share of Citizenship Investment Trust (CIT) owned by Life Insurance Corporation Nepal Limited (LIC Nepal) has been put up for auction from Monday (July 27).

Altogether 50,000 units of promoter share of CIT will be up for auction for a week until July 3.

Banks and Financial Institutes (BFIs) and insurance companies interested in purchasing those shares can acquire them by presenting a sealed-bid quotation of at least Rs 1,800 per unit.

The minimum units shares that interested companies can purchase is 100 units or its multiple.

Nepal SBI Merchant Banking Limited and Life Insurance Corporation Nepal have been appointed as the share registrar for the auction.

The quotation form can be availed from the branch offices of Nepal SBI Merchant Banking in Biratnagar, Birtamod, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Dang, Nepalgunj, Surkhet, Dhangadhi and Mahendranagar.



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