Prudential Capital Initiates Auction of Shine Resunga Development Bank Promoter Shares


Prudential Capital Management Company Limited has initiated the auction of 2,04,537 units of promoter shares belonging to Shine Resunga Development Bank Limited (SHINE). The auction commenced on the 11th of Poush, 2080.

In this auction, the specified quantity of promoter shares for SHINE is 2,04,537 units, with a minimum bidding rate set at Rs. 120 per unit. Interested bidders must adhere to the minimum bid quantity of 5,000 units for promoter shares, while also complying with the Nepal Rastra Bank’s regulation limiting the share quantity per entity. The auction is open for participation by promoter shareholders, the general public, and institutions until the 19th of Poush.

The auction management responsibility falls on NIC Asia Capital Limited.

As of the latest available information, SHINE has a Last Traded Price (LTP) of Rs. 398.90.

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