Prime Commercial Bank to Auction Promoter Shares

Prime Commercial Bank Limited has announced the auction of promoter shares.

The bank has put 1,241,011 promoter shares, held under the name of its promoter shareholders, up for auction starting today. The minimum price for these shares has been set at NPR 115. Interested individuals, organizations, or companies must submit competitive bid applications to purchase these shares.

Applicants can bid for a minimum of 200,000 shares and up to the total available shares. Interested investors must specify the number of shares they wish to purchase and the bid price, and submit a sealed confidential application to the sales manager, Nepal SBI Merchant Banking, located in Thamel, by Jestha 31.

This auction presents an opportunity for investors to acquire a substantial stake in Prime Commercial Bank, with the competitive bidding process ensuring a fair market price for the shares. The proceeds from this sale will contribute to the bank's financial stability and growth initiatives.

Investors are encouraged to take advantage of this opportunity and participate in the auction by submitting their bids within the specified timeframe. This move is expected to attract significant interest from various sectors, contributing to the bank's overall growth and development.