LIC opens auction bid for 35,468 units rights shares from today

ShareSansar, November 21:

Life Insurance Corporation (Nepal) Limited has opened a closed bid tender for the auction of 35,468 units of ordinary rights shares from today.

The leading insurance company is auctioning the rights shares after there was no application for 35,486 during the rights share issuance from September 9 to November 19.

The last date for the auction bid is November 27.

Interested buyers can get the auction forms from NMB Capital at Babarmahal and one bidder cannot place more than one bid, according to the notice issued by the insurance company.

As the minimum price of a unit share is Rs 100, a bidder must bid Rs 100 or more. He or she must bid for a minimum of 100 unit shares and the maximum of 35,468 units.