Last day to bid unsold 98,246.20 unit right shares of Asian Life Insurance ; LTP at Rs 780
Thu, May 31, 2018 3:26 AM on Auction, Dividend, Bonus & Rights, Latest, Stock Market,
Asian Life Insurance Company Limited (ALICL) has been auctioning 98,246.20 units ordinary shares from Jestha 10, 2075 and today (Jestha 17, 2075) is the last day to apply for the same.
ALICL had issued 40,27,966.20 units right shares in the ratio 2:1 at a par value of Rs 100 per unit to its shareholders from Falgun 13, 2074. A total of 39,29,720 unit right shares were allotted to the applicants and the remaining unclaimed right shares are now being auctioned.
NIBL Ace Capital Limited is the issue manager for the auction of the shares.
The minimum bid price has been set as Rs 100 i.e. the bidders need to bid above Rs 100 per share. Also, the bidders should apply for a minimum of 100 units of shares.
The interested bidders can collect application forms from NIBL Ace Capital as well as designated branches of Nepal Investment Bank Limited.
The life insurance company has urged the bidders submit the bid amount in A/C no 0010017386400001 of Kumari Bank in the name of NIBL Ace Capital Limited.
After the adjustment of 50% right shares and recently declared 4% bonus share of 73/74 FY, its paid-up capital will reach Rs 1.25 arba.
Its LTP stood at Rs 780 as on the last trading day.
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