LIC Nepal Opens Auction Sale of Unsold Rights Shares, Applications Open Until Falgun 5

LIC Nepal Opens Auction Sale of Unsold Rights Shares, Applications Open Until Falgun 5

Life Insurance Corporation (LIC Nepal) has opened the auction sale of its unsold rights shares from today (Falgun 2). The company is set to sell 492,577 units of unsold rights shares. Interested investors can submit their applications until Falgun 5.

• Total Shares on Sale – 492,577 units of unsold rights shares

• Application Deadline – Falgun 5

• Minimum Price per Share – NPR 100

• Minimum Application Requirement – 100 shares

• Maximum Application Limit – No limit

Where to Apply?

• Issue Manager: Nepal SBI Merchant Banking

• LIC Nepal Branch Offices:

  • Biratnagar

  • Birgunj

  • Putalisadak (Kathmandu)

  • Pokhara

  • Nepalgunj

  • Butwal

  • Surkhet

  • Dhangadhi

Investors offering the highest price will get priority in share allotment. To strengthen capital growth and improve the company's share structure. Investors must submit their applications within the given deadline. Since shares will be allotted based on the highest bids, competition is expected.