Nepal Insurance 1,47,103 units unsold right share auction closes from today; interested investors can apply till banking hour
Sun, Jun 2, 2019 6:33 AM on Auction, Latest, Stock Market,
Nepal Insurance Company Limited (NICL) is closing the auction of its unsold 2,511.73 units promoter shares and 1,44,591.35 units ordinary right shares from today (Jestha 19, 2076). This auction waas opened since Jestha 5, 2076. Global IME Capital Limited has been appointed as the issue manager for the auction.
Interested bidders can obtain the application form from Global IME Capital Limited, Kathmandu and branch office of Global IME Bank Limited outside the valley i.e Birtamode, Janakpur, Biratnagar, Birgunj, Hetauda, Narayanghad, Pokhara, Baglung, Butwal, Gorahi, Nepalgunj, Surkhet, Dhangadi and Mahendranagar. The application form can be obtained at Rs.100 per form.
The applicants can bid for minimum 100 units at a minimum price of Rs.100 per share. The bid amounts can be deposited in the name of Global IME Capital Limited at Global IME Bank Limited, Kamaladi branch A/C No. 0101010007629 or Kumari Bank Limited, Durbarmarg branch A/C No. 00100117146000021.
Nepal Insurance Company Limited (NICL) had issued 1:0.65 (65%) right share to its shareholders on Chaitra 25, 2075. After the adjustment of the right shares, the paid-up capital of the insurance company will reach Rs 1.01 arba.
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