National Life Insurance to auction unsold 2.78 lakh unit shares from Kartik 15; Paid-up capital to reach Rs 2.64 arba after adjustment
Thu, Oct 25, 2018 8:54 AM on Auction, Dividend, Bonus & Rights, Stock Market, Company Analysis, Featured,
National Life Insurance Company Limited (NLICL) will be auctioning its unsold 2,78,119.34 unit shares from Kartik 15, 2075. The interested bidders can place bids till Kartik 26, 2075.
The life insurance company has urged the interested bidders to place applications for minimum 100 units. The minimum bid price has been set at Rs 100 i.e. bids should be placed above Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the auction.
Interested bidders can deposit the entire bid amount in the A/C No 0010017450600001 of Kumari Bank in the name of NIBL Ace Capital.
The application forms can be collected from the branches of NIBL Ace Capital or from the designated branches of Nepal Investment Bank Limited.
The life insurance company had issued 60% right shares for its shareholders. After the adjustment of 60% right shares, the paid up capital of NLICL will stand at Rs 2.64 arba meeting the minimum capital requirement of Rs 2 arba.
