The company concludes allotment of shares offered through auction from 22 Bhadra to 5 Ashoj.
Asian Life Insurance Company Limited has completed the allocation of shares offered through an auction process conducted from 22 Bhadra to 5 Ashoj 2082. The company had put up for sale 30,038.57 shares for the founder group and 3,28,437.91 shares for the general public group that remained unsubscribed from the rights issue.
The sealed bids received during the auction period were opened on 10 Ashoj, and the allocation process was completed by the Board of Directors of the issue manager, Muktinath Capital Limited, on 20 Ashoj.
The final cutoff price was set at Rs. 105.50 per share for the founder group and Rs. 422.50 per share for the general public. Shares were allotted proportionally based on the relative bids submitted at these prices.
The company has also announced that the funds of unsuccessful applicants will be refunded to their respective bank accounts starting 22 Ashoj (today).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
