NIC Asia Bank Puts Promoter Shares of Suryajyoti Life Insurance Up for Sale

July 30th, 2025

Kathmandu – NIC Asia Bank Limited has announced the sale of 100,000 promoter shares of Suryajyoti Life Insurance Company Limited, currently held by the bank. The shares are being offered through a sealed bidding process at a minimum price of Rs 232 per share.

Interested buyers can submit bids for a minimum of 5,000 shares and up to the full 100,000 shares. The sealed bids will be accepted from today, Shrawan 14 to 29 (July 30 – August 14).

Bid forms are available at NIC Asia Capital Limited, the designated share registrar, located in Thapathali, Kathmandu. In addition, forms can be obtained from various NIC Asia Bank branches, including Thapathali-Kathmandu, Biratnagar-Morang, Adarshnagar-Birgunj, Mahendrapul-Pokhara, Shravanpath-Butwal, Hospital Line-Dhangadhi, and Birendranagar-Surkhet.

The bank has clarified that promoter shareholders were given the first right of purchase before this public offering. With that process now complete, all interested investors are welcome to participate.

As of now, the promoter shares price of Suryajyoti Life Insurance stands at Rs 245 per share in the secondary market, slightly higher than the bank’s minimum bid rate.

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