Prudential Insurance and Nilgiri Vikas Bank, too, closing bids for unclaimed shares today

ShareSansar, February 28:

Prudential Insurance Company Limited and Nilgiri Vikas Bank Limited are closing their bids for the auction of unclaimed shares today.

Prudential is auctioning 21,250 units of unclaimed promoter shares and 11,636 units of ordinary shares to the general public.

The minimum bid price for both kinds of shares has been priced at Rs 100, and the bidders must apply for a minimum of 100 units and deposit the entire bid amount in advance.

The bid will be opened at 10:00 AM on March 3 for the promoter shares, and at 10:30 AM same day for the ordinary shares at the office of NMB Capital at Babarmahal in Kathmandu to conclude the auction.

Likewise, Nilgiri Vikas Bank Limited is also closing the bids for the auction of 31,122 units of unclaimed ordinary right shares to the general public from today.

The minimum bid price for shares has been priced at Rs 100, and the bidders must apply for a minimum of 100 units, and deposit the entire bid amount in advance.

The bids will be opened on March 4.

Elite Capital at Jamal in Kathmandu is the issue manager.