Mahalaxmi Bikas Bank Auctioning Promoter Shares of Asian Life Insurance from Today
Mahalaxmi Bikas Bank Limited is auctioning the promoter shares of Asian Life Insurance Company Limited. The auction will open today, i.e. 3rd Ashar and close on 9th Ashar, 2078.
Individuals, institutions, and existing promoters are all eligible to bid for the auction.
1,66,757 promoter shares of Asian Life Insurance Company Limited will be auctioned. Rs. 628 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 100 units, there is no upper limit for both shares. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Siddhartha Capital has been appointed the auction manager. Bids will be opened at the premises of the auction manager on Ashar 10, starting at 3 pm that day.
