Last day to bid United Insurance 181,220 units auction shares; LTP stood at Rs 414

Interested Investors in acquiring the shares of United Insurance Company (Nepal) limited (UIC) have one more day to file their bids for the auctioned promoter and ordinary right shares. The deadline for submitting sealed bids for the auctioned shares is ending today (Ashwin 5). United Insurance had auctioned its77,795 units promoter right shares and 103,425 units ordinary right shares to general public from Bhadra 29. The insurance company was selling selling 103,425 units of ordinary right share and 77,795 units of promoter right shares as the rights shares issued onBaisakh 13, 2072 were not fully subscribed by the investors. United Insurance Company has urged the interested bidders to submit their bids by 3:00 PM of today,Ashwin 5 at the Global IME Capital Limited located at RastriyaNachGhar, Jamal, Kathmandu. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. The investors applying for the auction can deposit the bid amount in the account number 10911600661761000001 of the Prabhu Bank Limited. Global IME Capital limited is the issue manager for this auction. The Last traded price of United Insurance stood at Rs 414 on September 17.