Promoters Let Go Right Shares of Gurans Life Insurance

Jun 13, 2019 Merolagani

Gurans Life Insurance (GLICL) is set to auction huge number of shares after its promoter shareholders let go 50 percent right share issued in April 11-May 15.

The company issued 2,960,000 units of right share at a ratio of 2:1, out of which, 240,571 units of promoter and 82,005 units of ordinary shares went unsold during the issuance.

The company is auctioning a total of 322,576 units of shares including promoter and ordinary from June 20-27.

The interested investors can bid for the shares from Laxmi Capital Market-New Baneshwor or designated branches of Laxmi Bank.

The interested bidders can bid for a minimum of 100 to maximum of all units of shares at a minimum price of Rs 100. The last traded price of the stock was Rs 515 on June 12.

Presently, the company has a paid-up capital of Rs 594 million that will reach Rs 891 million after capitalization of 50 percent right issue.

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