Nepal Insurance Company is Auctioning 1,97,042.76 Unclaimed Right Shares from Bhadra 27
Summary
Nepal Insurance Company Limited is auctioning 197,042.76 unclaimed right shares from its previous rights offering starting from 27th Bhadra to 5th Ashwin, 2082. Both individuals and institutions can bid.
Key Points
- Nepal Insurance Company Limited will auction 4,468.76 promoter right shares and 192,574 ordinary right shares from its previous rights offering.
- A total of 1,97,042.76 shares were unclaimed by eligible investors and will now be auctioned to the general public.
- The rights offering was originally issued at a 10:3.4783 ratio from 6th Shrawan to 2nd Bhadra, 2082.
- NIMB Ace Capital Limited is the issue manager of this rights share auction, with a minimum bid rate set at Rs. 100.
