IME General Insurance is closing the auction of 1.02 lakh unit shares; interested can apply till banking hour today
Thu, Mar 14, 2019 8:23 AM on Auction, Latest, Stock Market,
IME General Insurance Limited (IGI) is closing the auction of unsold right shares from today (Falgun 30, 2075). The bids for 1,598 unit promoter shares and 1,00,766 unit ordinary shares was opened since Falgun 22, 2075.
The insurance company has urged the interested bidders to place an application for 100 units of ordinary shares. The minimum bid price has been set as Rs 100. One investor can place bid for one application only.
Global IME Capital Limited has been appointed as the issue manager for the auction of the shares. The application form can be collected and deposited in Global IME Bank Limited designated branches (Birgunj, Hetauda, Butwal-Milanchowk, Biratnagar, Nepalgunj-Tribhuvan Chowk, Surkhet, Dhangadi and Pokhara) and Global IME Capital Limited, Jamal, Kathmandu.
The bidders should deposit the entire bid amount in the A/C no 0111010011068 of Global IME Bank Limited in the name of Global IME Capital Limited or amounts also can be deposited in the A/C no 0010017472700001 of Kumari Bank Limited in the name of Global IME Capital Limited.
After the adjustment of the right shares and shares sold through auction, paid up capital will increase to Rs 97.20 crore.
