United Finance to auction unsold 18,253 units ordinary shares at Rs 100& above from Poush 11

United Finance Limited (UFL) will be auctioning its ordinary right share to the general public from Poush 11, 2073. As per the notice published by the finance company today, the company will be selling 18,253 units ordinary share after the rights shares issued on Ashad 30, 2073 were not fully subscribed by the investors. The finance company had offered right shares at the ratio of 4:1. The auction will last till Poush 25, 2073. The bid will open to conclude the auction on Poush 26, 2073 at 3:00 PM. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. The finance company has urged interested bidders to submit their bids by 3:00 PM till Poush 25 at the Head office of Finance company located at I.J Plaza, Durbarmarg, Kathmandu. The investors applying for the auction can deposit the bid amount in the account number 99941000045821000001 of United Finance head office located at I.J Plazqa, Durbarmarg, Kathmandu. Its last traded price stood at Rs 306 as on December 8, 2016. United Finance has earned net profit of Rs 1.02 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.