Asian Life Insurance auction opens from today
June 16, 2019 | Investopaper
The auction for the shares of Asian Life Insurance opens to the general public from today (Ashar 1, 2076). The company will auction 2,21,359.73 units of unsold right share. Out of the total, 2,420.70 units are promoter shares while the remaining 2,18,939.03 units are ordinary shares.
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The auction will remain open until Ashar 8, 2076. NIBL Ace Capital Limited is the issue manager for the auction. Interested investors can apply for a minimum of 100 ordinary shares at a minimum Rs. 100 per share.
The application form for the auction can be collected at Rs. 100 from the branches of NIBL Ace Capital Limited and also the given branches of Nepal Investment Bank.
Asian Life Insurance had issued 75,40,352.73 right share to its shareholders from Chaitra 25, 2076. Out of the total issued right share, 2,18,939.03 units remained unsold.
The shares of Asian Life Insurance is trading at Rs. 395 [Jestha 30, 2076]. Investors should bid above Rs. 100 per share in the auction of Asian Life Insurance.
