NLICL refunding the non-alottees of its share auction

ShareSansar, July 14: 

National Life Insurance Company Limited is refunding non-allottees of its auction of 68,707 units of unclaimed right shares from today.

Inviting the bids on June 25, one of the leading life insurers has urged the interested bidders to submit their bids by 5:00 PM today at the central office of Citizen Investment Trust, which is managing the issue.

As the minimum price set for the auction was Rs 1750, the bidders had to quote more than that amount for the auction.  

They had to bid for at least 100 units of the ordinary shares.  

The bids were opened to complete the auction on July 7.

National Insurance auctioned the unclaimed ordinary right shares which were issued almost seven years back.