Gurans Life Insurance auctioning unclaimed right shares from Ashwin 13

Mon, Sep 21, 2020 10:52 AM on Latest, Auction,

Gurans Life Insurance is auctioning its 3,37,565 units promoter shares and 2,52,449 units ordinary shares to the existing promoters and the general public.

The auction will open from Ashwin 13 and will conclude on Ashwin 19, 2077.

This is the unclaimed portion of the right share that was open for application from Ashad 14 to Shrawan 4 earlier this year.

Only the existing promoters can apply for the promoter shares while the ordinary shares can be applied for by the public, companies, and financial institutions.

The minimum bid quantity allowed is 100 units and the minimum rate is Rs. 100. While bidders can claim the entirety of shares, any quantity in between should be a multiple of 10.

The bids should be submitted by 2 pm, Ashwin 19. For some reason, cash cannot be directly deposited via the auction manager NMB Capital's office at Naxal for this issue. Other specified modes of payment should be used.

Click here to view the announcement.