Last day to apply for auctioned shares of NLICL; Paid-up capital to reach Rs.2.64 Arba after the adjustment
Mon, Nov 12, 2018 12:20 PM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Today is the last day to apply for the auctioned shares of National Life Insurance Company (NLICL).
The life insurance company is auctioning its unsold 278,119.34 unit shares from Kartik 15, 2075.
The company has urged the interested bidders to place applications for minimum 100 units. The minimum bid price has been set at Rs 100 i.e. bids should be placed above Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the auction.
Interested bidders can deposit the entire bid amount in the A/C No. 0010017450600001 of Kumari Bank in the name of NIBL Ace Capital.
The application forms can be collected from the branches of NIBL Ace Capital or from the designated branches of Nepal Investment Bank Limited.
The life insurance company had issued 60% right shares for its shareholders. After the adjustment of 60% right shares, the paid up capital of NLICL will stand at Rs.2.64 Arba, meeting the minimum capital requirement of Rs.2 Arba.
