Last day to bid for auctioned shares of Nepal Insurance

Jun 02, 2019 Merolagani

Today is the last day to bid for 147,130 units of auctioned shares of Nepal Insurance Company (NICL). The company is auctioning 2,511.73 units of promoter share and 144,591.35 units of ordinary right shares.

The last traded price of the stock is Rs 386 in the secondary market. The interested investors can apply from Global IME Capital at Jamal- Kathmandu and Birtamode, Janakpur, Biratnagar, Hetauda, Birgunj, Narayanghad, Pokhara, Baglung, Butwal, Gorahi, Nepalgunj, Surkhet, Dhangadi and Mahendranagar branches of Global IME Bank.

 The bidders can apply for a minimum of 100 and maximum of all shares above Rs 100.

Nepal Insurance issued 65 percent right shares of its paid-up capital of Rs 617.6 million amounting to Rs 4.01 million.  After the right shares adjustment, the paid-up capital of the company will reach Rs 1.01 billion.

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