Muktinath Development Bank Launches Auction for over 150,000 Founder Shares
▸ Part of: Nepal Banks Intensify Debt Recovery and Asset Liquidation Efforts
Muktinath Bikas Bank Limited has launched a public auction to sell 156,283 units of its founder shares, with eligibility open to all individuals, domestic corporate entities, and investment institutions. The minimum bid price is set at NPR 135 per unit, and applicants must bid for a minimum of 25,000 shares. The sealed bid application process will run from Jestha 7th to Jestha 14th, with forms available at Muktinath Capital Limited in Naxal, Kathmandu. Higher bids will receive priority for allocation, aiming to enhance the bank's capital base and market confidence.
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