Nepal Finance Closing Auction of 7,94,971 Promoter Shares Today
Nepal Finance Limited is closing the auction of 7,94,971 promoter shares today, with Prabhu Capital as auction manager.
Nepal Finance Limited (NFS) is set to close the auction of its 7,94,971.187 units of promoter shares today, 26th Bhadra, 2082. The auction had opened on 12th Bhadra, 2082.
The auction is open to existing promoters, the general public, and institutions, all of whom are eligible to place bids. The minimum bid rate has been set at NPR 100 per share, with a minimum bid quantity of 1,000 units. While bidders are permitted to apply for the entire issue, they must comply with Nepal Rastra Bank (NRB) regulations, which restrict individual entities from exceeding specified shareholding limits.
Prabhu Capital Limited has been appointed as the auction manager for this issuance.
The conclusion of this auction marks another round of promoter share adjustments in Nepal’s financial sector, as companies balance regulatory requirements, capital structures, and shareholder participation.