NLG Insurance to Sell Unsubscribed Rights Shares Through Auction
Author
Nepse trading
NLG Insurance to Sell Unsubscribed Rights Shares Through Auction
NLG Insurance Company Limited has announced the sale of unsubscribed rights shares through an auction. The company had issued rights shares in a 10:6.256 ratio, and the unsubscribed shares from this issuance will now be sold via the auction process.
Details of Shares to be Auctioned
Promoter Group: 29,977.31 units
General Public Group: 290,555.91 units
Bid Submission Deadline
Investors interested in participating in the auction must submit their sealed bids between Magh 20, 2081, and Magh 27, 2081.
Minimum Price and Application Guidelines
Minimum Price: NPR 100 per share
Investors can bid at or above the minimum price.
Promoter Group: Applications must be for a minimum of 1,000 shares.
General Public Group: Applications must be for a minimum of 100 shares.
Maximum Shares: There is no upper limit for the number of shares an investor can bid for.
Where to Obtain Application Forms?
Bid application forms are available at the following locations:
Sales Manager: Laxmi Sunrise Capital Limited
NLG Insurance Branch Offices:
Biratnagar
Birgunj
Pokhara
Butwal
Surkhet
Dhangadhi
Special Provisions
Bids must be submitted through a sealed application process.
Applicants must provide all required documents and certifications along with the bid.
Late submissions will be deemed invalid.
This auction provides an attractive opportunity for both small and large investors to acquire shares at a minimum price. Investors can potentially benefit from acquiring shares at favorable rates through this process.
For additional details, interested investors can contact Laxmi Sunrise Capital Limited or the nearest branch office of NLG Insurance, By auctioning unsubscribed rights shares, NLG Insurance offers an excellent investment opportunity for interested parties. Investors are encouraged to submit their bids within the stipulated timeframe to take advantage of this opportunity.
