Prabhu Insurance to auction promoter shares

Dec 22, 2020 10:22 AM Merolagani

Prabhu Insurance (PRIN) is set to auction 735,000 promoter shares from December 22.

The interested individuals, companies, institutions and BFIs can bid for the shares till January 5.

The company has quoted the minimum price for the shares at Rs 322. The bidders can bid for a minimum of 25,000 and maximum of all shares divisible by 10.

The company has appointed Muktinath Capital as its issue manager.

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