United Ajod Insurance Company, the owner of Nepal Reinsurance Company Ltd., has placed 2,171,935 founder shares under the founder group of Nepal Reinsurance for sale through a sealed-bid auction process. The minimum bid price has been set at NPR 400 per share, and each applicant must submit a minimum of 100,000 shares.
Eligible participants in the auction include founder shareholders of Nepal Reinsurance Company Ltd. and other individuals, firms, companies, or institutions qualified under prevailing laws. Interested investors must submit their sealed bids along with the required documents to Nabil Investment Banking Ltd., Naxal, Kathmandu within the specified deadline.
Bids that do not meet the stipulated conditions and procedures will automatically be considered invalid. The company has stated that all rights related to the auction process will remain with the sale manager in accordance with applicable laws.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
