Last day to bid 20,973 units ordinary shares of Surya Life Insurance at Rs 100 & above; changes bid opening venue

Investors interested in acquiring shares of Surya Life Insurance Company Limited (SLICL) have one more day to file their bids for the auctioned ordinary shares. The deadline for submitting bids for the auctioned unsold right shares is ending today (Poush 18, 2073). Surya Life Insurance Company has been auctioning 20,973 ordinary right shares to general public from Poush 12, 2073. The insurance company has been selling 20,973 units ordinary share after the right shares issued on Shrawan 20, 2073 were not fully subscribed by the investors. The insurance company had offered right shares at the ratio of 4:1. The bid will open to conclude the auction on Poush 19, 2073 at 1:00 PM at Regency Banquet, Sanogaucharan, Naxal near the building of Surya Life Insurance Company Limited . Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. Laxmi Capital Market Limited is assigned as the issue manager for this auction. The company has urged interested bidders to submit their bids till today at Laxmi Capital Market Limited located at New Baneswor, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 00534010177 of Laxmi Bank Limited. Its last traded price stood at Rs 704 as on January 1, 2017. Surya Life Insurance has earned net profit of Rs 1.25 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.