The founder shares of Nepal Life Insurance and NIC Asia Bank will be open for auction from July 22 onwards. 5 lakh 97 thousand 921 shares of Nepal Life Insurance and 7 lakh 19 thousand 950 shares of NIC Asia Bank will be sold at auction. Existing founders or individuals, companies, and institutions interested in purchasing the shares can submit bids till July 30.
The minimum value of Nepal Life Insurance is Rs. 700 and the minimum value of NIC Asia Bank is Rs. 400 is prescribed. The applicant has to bid by quoting the price fixed or more. When bidding for the purchase of shares of both the companies, there is an arrangement to demand a minimum of 1000 lots and a maximum of total lots. Global IME Capital Limited is the sales manager of both companies.