United Ajod Insurance Limited is opening the auction of 63,847 units of unsold promoter right shares for the general public and interested institutions from Asar 25.
United Ajod Insurance Re-opens Promoter Share Auction
United Ajod Insurance Limited have put up 63,847 units of unsold promoter group right shares for auction. This time, any interested individuals and institutions can apply to buy these shares.
Previously, the insurance company issued right shares in the ratio of 100:10. After the issue, the remaining 63,847 units of shares were first offered only to the existing promoter shareholders from Jestha 29 to Asar 8. Since no bids were received during that period, the company is now opening the auction for general public and other eligible institutions.
Auction Details and Minimum Bid Requirements
People who want to buy these shares can submit their bids starting from Asar 25. The last date to submit the bid is Sawan 1. The minimum price of the share is set at Rs 100 per share. When applying, investors must bid for at least 1,000 units of shares. If they want more, they can apply for numbers that can be divided by 10, or they can even apply for the whole shares.
Where to Get and Submit Bid Forms
The bid forms can collected and submitted at the office of the issue manager, LS Capital, which is located in Kamalpokhari. Apart from that, investors can also get and submit the forms at selected branches of Lakshmi Sunrise Bank. These branches are located in Biratnagar (Hanumandas Road), Birgunj (Adarshnagar), Janakpur (Bhanuchowk), Hetauda (Parijat Path), Narayangarh (Balakumari Chowk), Pokhara (Newroad), Butwal (Milanchowk), Nepalgunj (Newroad), Birendranagar (Virendrachowk), and Dhangadhi (Shahidgate).
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
