Last day to file bid for 14,612 units auction share of Asian Life Insurance; LTP stood Rs 1,010

ShareSansar, July 1:

Last day for investors in acquiring the shares of Asian Life Insurance Company limited (ALICL) for the auctioned promoter and ordinary right shares.

The deadline for submitting sealed bids for the auctioned shares is ending today (Ashad 16) and the bids will be opened to conclude the auction tomorrow (Ashad 17).

Asian Life Insurance had auctioned its 8,537 units ordinary right shares and 6,075 units Promoter right share to general public from Ashad 10.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

Civil Capital Market limited is the issue manager for this auction.

Asian Life Insurance has posted net profit of Rs.15.62 million in its third quarter company analysis of the fiscal year 2071/72.

The last traded price of Asian Life Insurance stood at Rs 1,010 as on June 30.