LIC Nepal rights shares auction bid closes

ShareSansar, November 27:

Today is the last date to apply for the auction of unclaimed rights shares of Life Insurance Corporation (Nepal) Limited.

LIC (Nepal) had called application for the auction of 35,468 units of unclaimed rights shares at a bid price of Rs 100 on November 21 after there was no application during the rights share issuance from September 9 to November 19.

Interested parties can apply for a minimum of 100 units of rights shares and the maximum of 35,468 units.

The bid will open on December 1 for the auction, according to a notice issued by the leading life insurance company in the country.

NMB Capital Limited, Babar Mahal, Kathmandu is the issue manager.