Deadline extended for NCC bank promoter shares auction; closing date Falgun 30

Nepal Credit and Commerce Bank has notified regarding the extension of auction closing date of its promoter shares. Previously, the closing date for auction was set on Falgun 3, 2074 which is now extended to Falgun 30, 2074   The bank auctions 70 lakh units promoter shares from Magh 18, 2074. The bid will open on chaitra1, 2074.

Auction opening date:  Magh 18, 2074.

Auction Closing date:   Falgun 30, 2074

CBIL Capital Markets is the issue manager for this auction. Interested bidders can collect and submit the application forms from CBIL Capital Markets (Dillibazar, Kathmandu)

Interested bidders should bid a minimum price of Rs 210 per share and a minimum 100 units. The bidders can make the payment either by depositing the amount in the stated account number( 0480000046cc) in the name of "CBIL Capital Markets Ltd." in Citizens Bank International Ltd. or making a GOOD FOR PAYMENT CHEQUE.

NCCB had earned Rs 35.45 crore net profit as of 2nd quarter 2074/75.

The last traded price was Rs 328.