Sunrise Bank Limited is auctioning the promoter shares of Sagarmatha Insurance Company Limited. The auction is open only to the insurance company's existing promoter shareholders.
5,00,512 unit promoter shares of Sagarmatha Insurance Company held by Sunrise Bank are being auctioned. This notice was first published on Shrawan 06. Promoters should submit bids within 35 days from the first notice date.
Sunrise Bank seeks to auction the shares away at Rs. 756.55 per share.
As of writing, the ordinary shares of SIC have an LTP of Rs. 1,434.