IME General Insurance is selling unsold 1.02 lakh unit right shares via auction from Falgun 22
Mon, Feb 25, 2019 9:24 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
IME General Insurance Limited (IGI) will be selling its unsold right shares via auction from Falgun 22, 2075. The bids for 1,598 unit promoter shares and 1,00,766 unit ordinary shares will be accepted till Falgun 30, 2075.
The insurance company has urged the interested bidders to place applications 100 units of ordinary shares. The minimum bid price has been set as Rs 100. One investors can place only one bid application.
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.
