Nepal Insurance Company will auction unsold rights shares starting Bhadra 27, with applications open until Ashoj 5.

Nepal Insurance Company Limited has announced that it will auction unsold rights shares through a bidding process starting from Bhadra 27, 2082. The company had previously issued rights shares in a 10:3.4783 ratio from Shrawan 6 to Bhadra 2, but some shares remained unsubscribed. These unsold shares will now be sold through auction.

Under this auction, a total of 1,92,574 shares from the promoter group and 4,468.76 shares from the public group will be available for bidding. Investors can submit their bids until Ashoj 5, 2082. The minimum bid price has been set at Rs. 100 per share, and bids must be placed at or above this price.

For the promoter group, investors must apply for a minimum of 1,000 shares, while for the public group, the minimum application is 100 shares. Applications above the minimum must be made in multiples of 10.

The issue and sales manager for this auction is NIMB Ace Capital Limited. Investors can obtain and submit bid application forms at NIMB Ace Capital’s central office in Lazimpat, as well as its branch offices in Pokhara (Chipledhunga), Butwal (Traffic Chowk), Birgunj (Adarshnagar), and Biratnagar (Golchha Chowk).

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.