Skip to content
|Loading...
Share Gyan home
EBook

Sanima GIC Insurance Announces Auction of 235,448 Promoter Shares at a Minimum Price of Rs. 258

Sanima GIC Insurance Limited is offering 235,448 promoter shares through an auction from Kartik 9 to Kartik 12, 2083. The minimum bid price is Rs. 258 per share, with a minimum application of 5,000 units. Sanima Capital Limited will manage the auction.

Published By Share Gyan
Sanima GIC Insurance Announces Auction of 235,448 Promoter Shares at a Minimum Price of Rs. 258

Sanima GIC Insurance Limited (SGIC) has announced the auction of 235,448 units of promoter shares beingsold by its existing promoters, withthe bidding period scheduled to run from Kartik 9 to Kartik 12, 2083. Theauction is open to existing promoters, members of the general public,and institutional investors. Theminimum bid price has been fixed at Rs. 258 per share, and interested applicants must bid for a minimum of5,000units. Investors can bid for all the shares available in the auction, provided they comply with theapplicable ownership restrictions and NepalRastra Bank’s regulations governing the maximum permissibleshareholding per entity. Sanima Capital Limited has been appointed as the auctionmanager to oversee theprocess. Interested investors should consult the official auction notice for detailed application procedures,paymentrequirements, and other applicable terms before participating.

Related News

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News