26 July 2024, Kathmandu
In a strategic move to withdraw its stake from Nepal Infrastructure Bank Limited (NIFRA), NIC Asia Bank has announced the sale of its promoter shares.
NIC Asia Bank Sale of 1 Million Promoter Shares
The bank is set to offload one million units of these shares, with NIC Asia Capital appointed as the issue manager for this transaction.
Issuing a public notice, NIC Asia Capital has invited applications from interested buyers to purchase the promoter shares.
The offer begins on Tuesday, and the application deadline has been set for July 30.
The price for each share has been fixed at Rs 101. Interested individuals or institutions can apply to purchase a minimum of 5,000 units of NIFRA’s promoter shares.
NIC Asia Bank’s decision to divest its stake in NIFRA is seen as a significant development in the banking and finance sector, opening up opportunities for investors to acquire a substantial number of shares in a key infrastructure bank in Nepal.
For more details and application procedures, interested parties are advised to contact NIC Asia Capital or visit their official website.
This sale presents a valuable opportunity for investors looking to strengthen their portfolios with shares in a major infrastructure bank. Don’t miss the chance to invest in NIFRA at a fixed price of Rs 101 per share, with applications open until July 30.