Asian Life Insurance Extends Deadline for Auction of Unsubscribed Rights Shares!
Are you looking to invest in the stock market and eager to find some cheap shares? HereтАЩs your chance! Asian Life Insurance has announced an extension for the auction process of its unsubscribed rights shares. Originally set to conclude on Bhadra 22nd, the deadline has been extended to Ashoj 5th!
The company cited the prevailing challenging situation in the country as the reason for the extension. This provides a fantastic opportunity for potential investors to participate in the stock market and acquire insurance company shares.
LetтАЩs dive into the details of this exciting investment opportunity:
Unsubscribed Rights Shares Up for Auction:
Asian Life Insurance had previously issued rights shares in the ratio of 1:0.42 from Ashar 25th to Shrawan 20th. Now, the company is auctioning off the unsubscribed shares from this issuance. This includes 30,038.57 units of the promoter shares and a whopping 328,473.91 units of general public shares.
Minimum Price and How to Participate:
The minimum price for these shares has been set at just Rs. 100 per share! This is an excellent opportunity to acquire Asian Life Insurance shares at a potentially attractive price. Investors are required to submit their bids at or above the minimum price.
When submitting your bid, you must apply for a minimum of 1,000 units of the promoter shares or a minimum of 100 units for the general public shares. There is no maximum limit to the number of shares you can bid for.
Where to Submit Your Bid:
The issue manager for this auction is Muktinath Capital Limited. You can submit your bids through Muktinath Capital Limited, as well as various branch offices of Muktinath Bikas Bank.
DonтАЩt miss out on this chance to expand your investment portfolio! This extended deadline provides a perfect chance to research the Asian Life Insurance company and decide whether these shares align with your investment goals. Explore the Nepalese stock market with this promising investment opportunity, and get ready to potentially enhance your financial future! Take advantage of this extended period for share auction participation, which is a great opportunity to invest in insurance companies in Nepal.
