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NIC Asia Bank to Auction 50,000 Promoter Shares of CIT

NIC Asia Bank Limited (NICA) is set to auction 50,000 units of promoter shares of Citizen Investment Trust (CIT) to qualified investors from Jestha 13 to Jestha 20, 2081.

The auction invites qualified investors to bid on the promoter shares, with a minimum bid rate set at Rs. 758 per share and a minimum bid quantity of 10,000 units. Bids must be submitted at the bank’s central office located at Trade Tower Nepal, Thapathali, Kathmandu. While investors can bid for the entire issue, they must comply with Nepal Rastra Bank’s regulations regarding the maximum quantity of shares per entity.

As of now, CIT’s last trading price (LTP) is Rs. 2,168.2, and CITPO’s LTP stands at Rs. 717.


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