Kathmandu. Asian Life Insurance Company has extended the deadline to apply for more than 3.5 lakh units of undistributed right shares.
The company had issued 42 percent of its paid-up capital i.e. 1:0.42 right shares to its shareholders from July 9 to August 3. The company had auctioned 3,58,512.48 units of unsold shares on September 8.
The tender for the unissued right shares could be submitted till September 29. However, considering the current difficult situation in the country, the company has now extended the application till September 5.
Out of the total offered shares, 3,28,473.91 units of ordinary shares and 30,38.57 units of promoter group were issued. Interested individuals, institutions and companies can submit bids for the purchase of these shares.
The minimum price of the shares has been set at Rs 100. Bids should be made at or above the minimum price while submitting bids.
Applications can be place for minimum 1,000 units and maximum 100 units for ordinary shares.
The bidders can bid for the shares from Muktinath Capital at Naxal, Naxal and branches of Muktinath Bikas Bank, Birtamode, Biratnagar, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Ghorahi, Nepalgunj, Birendranagar, Mahendranagar, Mahendranagar.
