Last day to bid for NLICL’s auction of 68,707 unit ordinary shares
Thu, Jul 3, 2014 12:00 AM
ShareSansar, July 3: 
National Life Insurance Company Limited is closing bids to auction 68,707 units of unclaimed right shares from today.
Inviting the bids on June 25, one of the leading life insurers has urged the interested bidders to submit their bids by 5:00 PM today at the central office of Citizen Investment Trust, which is managing the issue.
As the minimum price set for the auction is Rs 1750, the bidders have to quote more than that amount for the auction.
The auction provides a good chance for the investors to clinch the ordinary shares of the insurance company as its last traded price stood at Rs 2,637 yesterday.
They must also bid for at least 100 units of the ordinary shares.
The total bid amount must be deposited in advance.
The bids will be opened to complete the auction tomorrow.
National Insurance is auctioning the unclaimed ordinary right shares which were issued almost seven years back.
