Last day to place bids in the auctioned 1.37 lakh units of Prabhu Insurance; Paid-up capital to reach Rs 1.005 arba

Today is the last day to place bids for the auctioned 1.37 lakh unit shares of Prabhu Insurance Limited (PRIN).

PRIN has been selling its unsold right shares via auction from Bhadra 17, 2075. The insurance company will be closing the auction for 1,37,016.63 unit shares on Bhadra 24, 2075 i.e today.

The insurance company has urged the interested bidders to place their bids for minimum 100 units. The minimum bid price for the shares have been set as Rs 100 i.e. the bidders should place their bids above Rs 100.

The company is selling 15,861.76 units promoter shares and 1,21,154.87 unit ordinary shares.

Prabhu Capital has been appointed as the issue manager for the auction of the right shares.

The insurance company has urged the bidders to deposit the total bid amount in A/C no 13511600631816000007 in Prabhu Bank Limited in the name of Prabhu Capital Limited.

After the adjustment of the 46% right shares, the paid-up capital of the company will reach Rs 1.005 arba.