Prime Life Insurance to sell 2.71 lakh ordinary shares ; auction to commence from Jestha 2nd

Prime life Insurance has notified regarding the auction of unclaimed right shares. As per the notice, the company will auction 2,71,978 unit ordinary shares to general public from 2nd Jestha to 9th Jestha. 

Laxmi Capital will be managing the auction. 

Interested bidders can bid for a minimum of 100 units at a price above the face value i.e Rs 100. One can submit the bids at Laxmi Capital, New Baneswor inside the valley. Or, Branches of Laxmi Bank outside the valley, namely : Birgunj, Biratnagar, Butwal, Pokhara, Surkhet, Nepalgunj and Dhangadi. The payment procedure as prescribed in the application forms has to be followed. 

Prime Life Insurance had floated 160% right shares from 27th Falgun,2074 to 3rd Baisakh, 2075. The unclaimed rights are now to be auctioned among the general public.