Himalayan General Insurance invites bids for 62.8 k unclaimed right shares

ShareSansar,  March 10:

Himalayan General Insurance Company Limited has invited bids for the auction for  62,875 units of the unclaimed right shares from today.

The bid comes a day after it closed the issuance of its 1:1.48 ratio right shares.

The insurer had issued 14,92,000 units of the right shares at the issue price of Rs 100 on January 13.

The bid for the share auction closes at 3:00 PM on March 18.

The interested bidders must apply for a minimum of 100 units of the unclaimed right shares being floated at a face value of Rs 100, and that must deposit the entire bid amount in advance.

NMB Capital Limited at Babar Mahal, Kathmandu is the issue manager.