Kathmandu. Kathmandu: Nepal Insurance Company (NIC) is going to put on sale about 200,000 units of undistributed right shares from September 15.
The company has opened the sale of 34.78 per cent of its paid-up capital to its shareholders in the ratio of 1:0.3478 from July 1to September 15. A total of 197,042.76 units of shares, which were not bought at that time, are to be put up for sale through the auction process. Of these, 192,574 units are owned by the general group and 4,468.76 units of the founding group.
Interested individuals, organizations and companies can bid for the purchase of this share. Applications can be made for a minimum of 1,000 units of shares for the founder’s group, 100 units for the general public and a maximum of 1,000 units.
The minimum price of the shares has been fixed at Rs 100 per share. This means that investors will have to bid at a minimum price or more.
The investors can submit their bids till September 30. The bid can be submitted at the offices of NIMB Ace Capital at Lazimpat, Pokhara, Butwal, Birgunj and Biratnagar.
