Applications open for auction of ordinary shares of Lumbini General Insurance; 99,726 units being auctioned

Wed, Feb 26, 2020 10:27 AM on Auction, Dividend, Bonus & Rights, Latest, SS Pro,

Lumbini General Insurance (LGIL) had issued 20% right shares to its shareholders. The company had floated a total of 17.60 lakh units at a par of Rs 100 per unit.

The issue had gone under-subscribed and the remaining 99,726 units ordinary shares are being auctioned to the general public from Falgun 14, 2076 i.e. today to Falgun 21, 2076 till 3 PM.

CBIL Capital is the issue manager of the auction.

The minimum bid rate is set at Rs 100 and therefore bids must be placed at or above Rs 100. Similarly, the interested applicants can apply for a minimum of 100 units or the full issue.

The applicants can attach either Good for payment cheque or can deposit the amount at the following account and attach the voucher.

Bank: Citizens Bank International
Account name: CBIL Capital Limited
Account number: 0480100000051301