NMB bank initiates auction of 52,172 founder shares at Rs 120 per share

Published On: March 29, 2024 03:03 PM NPT By: Republica  | @RepublicaNepal


NMB bank initiates auction of 52,172 founder shares at Rs 120 per share

KATHMANDU, March 29: NMB Bank has commenced the auction process for the sale of founder shares.

The bank has announced the sale of 52,172 founder shares through an auction, inviting bids from interested parties on Friday.

The existing founder shareholders as well as other individuals and entities are eligible to participate in the purchase of the bank's shares.

Interested bidders are required to submit their applications for auction bids by April 4, 2024. The minimum bidding price has been set at Rs 120 per share.

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