Last Day to Bid For Auctioned Shares of Gurans Life Insurance

Jun 27, 2019 09:38 AM Merolagani

Today is the last day to bid for auctioned shares of Gurans Life Insurance (@GLICL that went unsold during its issuance from 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.

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 475 on June 26.

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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