5,38,965 Promoter Shares of Premier Insurance Company (Nepal) in Auction from Today
The existing promoter of Premier Insurance Company (Nepal) Limited (PIC) is auctioning the company's promoter shares. 5,38,965 shares are being auctioned from today, i.e. 2nd Ashad to 8th Ashad, 2079.
The existing promoters, general public, and institutions are all eligible to bid for the auction however first priority will be given to the shareholders of the company.
Rs. 350 is the minimum bid rate for the auction. The minimum bid quantity for promoters’ shares is 500 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Beema Sansthan rule to not exceed the specified quantity of shares per entity.
NIC Asia Capital is appointed as the auction manager.
The last trading price of PIC (Public) is Rs 587 traded on June 15.
