Asian Life Insurance Extends Deadline for Right Share Auction: What You Need to Know
Are you looking to invest in Asian Life Insurance? Here’s some important news for potential investors! The deadline to participate in the auction for Asian Life Insurance’s unsubscribed right shares has been extended. This means you have more time to consider your investment in this prominent insurance company.
The initial deadline for submitting bids for the auction of the right shares was set to expire, but the company has now extended the deadline to October 5th. This extension takes into account the current circumstances, providing investors with more flexibility.
What does this mean for you? Asian Life Insurance is offering the opportunity to purchase unsubscribed right shares through an auction process. The company initially issued right shares in a 1:0.42 ratio from July 10th to August 5th. The auction includes both the founder shares and the general public shares.
The company has put up for auction 30,038.57 shares from the founder category and 328,473.91 shares from the general public category. The minimum price for these shares has been set at NPR 100 per share.
To participate in the auction, investors must submit bids at or above the minimum price. For the founder‘s category, the minimum bid is for 1,000 shares, while for the general public, the minimum bid is for 100 shares.
Muktinath Capital Limited is the issuance and sales manager for this share offering.
Don’t miss out on this opportunity to invest in Asian Life Insurance. Stay informed about the insurance market and the Nepali stock market. Consider these investment opportunities to diversify your financial portfolio. Keep an eye on the share price and make sure to conduct thorough investment research.
