Nepal Express Finance Limited has for
the second time published a notice for selling its promoter and ordinary
shares through auction.
The company had earlier opened bidding for 10,529 units promoter shares and 23,871 units ordinary shares from Asar 7 to 13. While the company’s promoter shares received no bidding at the time, investors filed bids for 10,000 ordinary shares.
Therefore, in its latest announcement, Nepal Express has again listed 10,529 units promoter shares and the remaining 13,871 units ordinary share for auction, beginning Asar 21. The bidding would close on Asar 27.
As the minimum price of the shares is Rs 100, investors must quote a bid amount of Rs 100 or above. Also, applicants must file bid for a minimum hundred units.
The results of the auction would be opened at 1 p.m. on Asar 28 at Nepal Express Head Office in Sundhara, Kathmandu.
The shares that are being put up for auction were initially offered to the existing investors as rights shares. The company has been trying to auction the unsold shares out of the total 1,70,000 units rights shares of 1:0.1 ratio floated on Shrawan 17th, 2069.
scr : sharesansar
The company had earlier opened bidding for 10,529 units promoter shares and 23,871 units ordinary shares from Asar 7 to 13. While the company’s promoter shares received no bidding at the time, investors filed bids for 10,000 ordinary shares.
Therefore, in its latest announcement, Nepal Express has again listed 10,529 units promoter shares and the remaining 13,871 units ordinary share for auction, beginning Asar 21. The bidding would close on Asar 27.
As the minimum price of the shares is Rs 100, investors must quote a bid amount of Rs 100 or above. Also, applicants must file bid for a minimum hundred units.
The results of the auction would be opened at 1 p.m. on Asar 28 at Nepal Express Head Office in Sundhara, Kathmandu.
The shares that are being put up for auction were initially offered to the existing investors as rights shares. The company has been trying to auction the unsold shares out of the total 1,70,000 units rights shares of 1:0.1 ratio floated on Shrawan 17th, 2069.
scr : sharesansar
