Gurans Life Insurance To Close Auction Of 5.90 Lakh Shares On Ashwin 19

September 29, 2020 | Investopaper

Gurans Life Insurance Company Limited (GLICL) is auctioning the 5.90 lakh promoter and ordinary shares. The auction of  the shares was open from Ashwin 13, 2077. Interested investors can submit their bids until Ashwin 19, 2077.

The shares in auction include:

Promoter Shares: 337,565

Ordinary Shares: 252,449

Only the current promoters of the insurance can apply for the promoter shares. Likewise, the general public can apply for the ordinary shares.

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Gurans Life Insurance has fixed the minimum price of each share at Rs. 100. Highest bidders above Rs 100 per share will receive the shares.

Interested investors should make the payment of the amount of application through the digital medium such as Swift Transfer, Connect IPS, IPS etc.

NMB Capital Limited will manage the auction issue. One can download the application form for the auction from the website of NMB Capital Limited and Gurans Life Insurance. The applicant should pay Rs 100 for the form along with amount of application.

For full information, Click the link below:

Gurans Life Insurance Auction Notice


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