Shikhar Insurance To Close The Auction Of 87,412 Shares From Shrawan 28

August 12, 2020 | Investopaper

Shikhar Insurance Company Limited (SICL) is selling the 87,412.8 unsold right shares in auction from Shrawan 21, 2077. The auction will remain open until Shrawan 28, 2077.

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The insurance had issued 1:0.3 right share to its shareholders from Ashad 14 to Shrawan 4, 2077. Shikhar Insurance was planning to sell 31,71,932 units right share worth Rs. 31.72 crores.

Related: Shikhar Insurance Right Issue

However, out of the total, 87,412 units remained unsold during that period. The company is selling these shares in the auction.

To see the recent financial performance of Shikhar Insurance, CLICK HERE

Investors can bid for a minimum of 50 shares at Rs 100 or above. Also, he/she can bid for the full auction shares i.e. 87,412. Highest bidder will receive the shares.

NIBL Ace Capital is the issue manager for the auction of shares of Shikhar Insurance.

Related: Non-Life Insurance Collect Rs 25.87 Billion In Premium In FY 2076/77

One can purchase the auction form at Rs 100 from NIBL Ace Capital Limited and its branches or the allocated branches of Nepal Investment Bank and Green Development Bank.

For full information regarding the auction, click the link below:

Shikhar Insurance Auction Notice



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