Surya Life opens bid for rights shares auction

ShareSansar, November 26:

Surya Life Insurance Company Limited has announced auction 81,060 units of the unclaimed rights shares, including 14,905 units of promoter shares and 66,155 units of ordinary shares.

The life insurance company has invited closed bid tender from today itself. The last day to apply for the auction of the rights shares is December 2.

The closed tenders will be opened and the auction will be held at 11:00 AM on December 3 at the office of Elite Capital at Jamal in Kathmandu, but if a public holiday is announced on that day, the auction will take place on the first day the office resumes.

Those applying for the promoter shares must bid for a minimum of 100 units and a maximum of 14,905 units, according to a notice issued by the company today.

Likewise, those who are interested in the ordinary rights shares must bid for a minimum of 100 units and maximum of 66,155 units.

As Rs 100 has been fixed as the face value for a unit of both the types of shares, a bidder cannot bid under Rs 100.

Surya Life had posted a net profit of Rs 74.9 lakh in the first quarter of the current fiscal year 2070/71, and a profit of Rs 3.61 crore in the last fiscal year 2069/70.

Its EPS (annualized) stands at Rs 1.82 and per share net worth at Rs 112.90.