Prudential Insurance Starts Auction of Unsold Right Shares

Mar 12, 2018 Merolagani

Prudential Insurance Company (PICI) has started auctioning 12,503 units of unclaimed right shares to the general public.

The bidding will be open till March 19.

The interested bidders can bid for a minimum of 100 units of shares at a minimum price of Rs 100 per unit. The company has appointed NIC Asia Capital as its issue manager.

The last trading price of the stock is Rs 670. The company earned a net profit of Rs 62.8 million in the second quarter of the current FY.

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