August 3, 2020 | Investopaper
Prudential Insurance is auctioning the 54,631 unsold right shares from Shrawan 12, 2077. The auction will remain open until today i.e. Shrawan 19, 2077.
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The insurance had issued 1:0.6 right share to its shareholders from Ashad 7 to Ashad 19, 2077. Prudential insurance planned to sell 38,49,120 units right share worth Rs. 38.49 crores.
However, out of the total, 54,631 remained unsold during that period. The company is selling these shares in the auction.
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Investors can bid for a minimum of 100 shares at Rs 100 or above. Also, he/she can bid for the full auction shares i.e. 54,631. Highest bidder will receive the shares.
To see the recent financial performance of Prudential Insurance, CLICK HERE
NMB Capital is the issue manager for the auction of right shares of Prudential Insurance.
One can purchase the auction form at Rs 100 from NMB Capital Limited or the allocated branches NMB Bank and Shine Resunga Development Bank.
For full information regarding the auction, click the link below: