From today, NIC Asia Bank will auction off 25,000 Unit promoter shares of Citizen Investment Trust

From today, NIC Asia Bank will auction off 25,000 Unit promoter shares of Citizen Investment Trust

The promoter shares of Citizen Investment Trust (CIT) are being put up for auction by NIC Asia Bank Ltd (NICA) from today, or 13 Chaitra 2079, through 20 Chaitra 2079.

There will be an auction for 25,000 Citizen Investment Trust promoter shares. At an auction, bids may be submitted by institutions, businesses, or individual investors.

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The opening bid price is Rs. 717. Promoters’ shares require a minimum bid of 1000 units.

Bidders may offer for the entire issue, but they must adhere to the Nepal Rastra Bank’s guideline that they may not offer more shares than are allowed for any firm.

The auction manager is NIC Asia Capital. CIT’s LTP as of this writing is Rs. 2,029.

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