Last day to submit your bids for auctioned promoter shares of United Insurance; Applications accepted till 3 PM

Thu, Dec 26, 2019 11:28 AM on Auction, Latest, Stock Market,

United Insurance Company (UIC) is selling its 1,57,649 units promoter share in an auction to the general public from Poush 03, 2076 to Poush 10, 2076 i.e today till 3:00 PM.

The interested applicants can bid by submitting A/C Payee cheque or Manager's Cheque with their application form. Or they can attach a voucher by depositing the amount at the following account:

Bank: NMB Bank
Account name: NMBCL-RIGHT UICNL 2075/76
Account number: 0010005401002563

The minimum bid rate is at Rs 100 and the minimum bid quantity is at 1000 units.

The company had issued 240% (1:2.4) right shares for its shareholders from Bhadra 03, 2076 to Ashoj 23, 2076.

NMB Capital Limited has been appointed as the issue manager for the issue.

The existing paid-up capital of the company is Rs 30.24 crore and after the 240% right shares issue and auction, the paid-up capital will rises to Rs 102.81 crore.

Announcement