Investment Opportunity: CBBL and NLIC Open Promoter Share Auctions Today
Investors have a new opportunity as Chhimek Laghubitta (CBBL) and Nepal Life Insurance (NLIC) open auctions for a combined 119,000 units of promoter shares starting today.
Two prominent financial institutions have entered the auction market, offering promoter shares to the general public, existing promoters, and institutional investors. Chhimek Laghubitta Bittiya Sanstha (CBBL) is auctioning 69,000 units with a minimum bid price of Rs 445, managed by NIC Asia Capital. Simultaneously, Nepal Life Insurance Company (NLIC) has put 50,000 units on the block at a base price of Rs 401, with Garima Capital overseeing the process. Interested bidders must adhere to Nepal Rastra Bank’s ownership limits and meet the minimum unit requirements—5,000 units for CBBL and 2,000 units for NLIC—before the respective deadlines in Baisakh.