Gurans Life Insurance to auction unsold promoter right shares for 2nd time

Jul 12, 2019 11:25 AM Merolagani

Gurans Life Insurance (GLICL) is set to re-auction unsold promoter right shares from July 19. The company is auctioning 90,571 units of promoter right shares that went unsold during its first auction. The auction will close on July 26.

The interested eligible investors can bid for the shares from Laxmi Capital Market, issue manager at New Baneshwor, Kathmandu. The bidders can apply for a minimum of 1,000 to maximum of all shares under IB limit.

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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