Asian life Insurance to sell 98,246 units unsold right shares ; Auction to commence from 10th Jestha

Asian Life Insurance has published a notice regarding the auction of unsold right shares.

As per the notice, the auction is to commence on 10th Jestha and end on 17th Jestha, 2075. The company will sell 98,246.20 unit ordinary shares.

NIBL ACE Capital will be managing the auction.

Interested bidders can bid for minimum 100 units at a price Rs 100 or more. Payment procedure should be as prescribed in the forms. The forms can be submitted in NIBL ACE Capital, Lazimpat, Kathmandu. Or in its different branches in Kathmandu, Pokhara, Butwal, Birgunj and Biratnagar. Forms can also submitted in branches of Nepal Investment Bank in Nepalgunj, Narayanghat, surkhet and Dhangadi.

The company had floated 50% right shares from 13th Falgun, 2074 to 3rd Chaitra, 2075. The unsold right shares at that time are now being auctioned. 

After the capitalization of 50% right shares, Asian life Insurance will have a paid up capital will reach Rs 1.20 arba.