Premier Insurance is selling 1,61,333 units in auction; minimum bid amount is Rs 100

ShareSansar, June 21:

Premier Insurance Company Limited (PIC) is auctioning its ordinary right shares to the general public from today.

As per the notice published by the insurance company, it will be selling 1,61,333 units of ordinary unsold right shares to the general public.

The auction starts from Ashad 6 (today) and will last till Ashad 11, 2072

Premier Insurance Company has urged the interested bidders to submit their bids by 2:00 PM till Ashad 11 at the Laxmi Capital Market Limited located at Hattisar, Kathmandu.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.

Laxmi Capital Market limited is the issue manager for this auction.

The Last traded price of Premier Insurance stood at Rs 535 on April 23.