August 25, 2019 | Investopaper
Everest Insurance is going to close the auction of its unsold right shares on Bhadra 8, 2076 i.e. today. The total of 5 lakh 29 thousand and 780 units was open to being sold via auction to the general public from Shrawan 29, 2076. These shares were not subscribed during the company’s 300 percent right issue. The company issued 82,19,475 units right shares to its shareholders on Jestha 14, 2076.
You May Also Like: How To Apply For Auction Of Shares In Nepal? [Step By Step]
Out of the total available auction shares of the company, 1.46 lakh units promoter shares and 3.83 lakh units ordinary shares are available for the interested investors to submit their application. Interested investors should apply for a minimum of 100 units starting at a minimum price of Rs. 100.
Siddhartha Capital Limited is the issue manager of the auction issue.
Interested applicants must place their application before banking hour today. You can place your application by visiting Siddhartha Bank Limited, Hattisar. The total bid amount or the goods for payment cheque issued in the name of Siddhartha Capital can be deposited in the Bank account number 00115430386.
Also Read: Best Non-Life Insurance Companies In Nepal