Nepal Insurance Company Announces Auction of Unsold Rights Shares: Your Guide to Investing in the Nepali Stock Market
Are you looking for opportunities to invest in Nepal and grow your investment portfolio? Nepal Insurance Company has just announced an exciting opportunity! The company is holding an auction of its unsold rights shares, and this is your chance to potentially snag some valuable stock market investments.
Starting from Bhadra 27, 2082, Nepal Insurance Company will auction off its unsold rights shares. This follows the recent rights share issuance in a 10:3.4783 ratio, which ran from Shrawan 6 to Bhadra 2. This auction provides a second chance for investors to participate and potentially increase their shareholdings.
So, what are the specifics? A total of 1,92,574 shares from the promoter group and 4,468.76 shares from the public group will be available. Investors have until Ashoj 5, 2082 to submit their bids.
The minimum bid price is set at Rs. 100 per share. Remember, all bids must meet or exceed this price. For the promoter group, the minimum application is for 1,000 shares, while the public group has a minimum application of 100 shares. Bids must then be placed in multiples of 10.
Want to participate? NIMB Ace Capital Limited is the issue manager for this auction. You can obtain and submit your bid application forms at NIMB Ace Capital’s central office in Lazimpat. You can also visit their branch offices in Pokhara (Chipledhunga), Butwal (Traffic Chowk), Birgunj (Adarshnagar), and Biratnagar (Golchha Chowk). This is an excellent opportunity to buy stocks in Nepal.
This auction is a great way to diversify your investment strategy and get involved in the Nepali stock market. Don’t miss out on this chance to buy shares from Nepal Insurance Company! Stock market news like this is crucial for staying informed about investment opportunities in the country. Remember to consult with your financial advisor before making any investment decisions. This is an opportunity to potentially boost your investment returns! Keep an eye on Nepali stock market trends and this could be the right move to strengthen your investment portfolio.
