NIC Asia Bank Initiates Auction for Promoter Shares of SuryaJyoti Life Insurance
NIC Asia Bank Limited is selling the promoter shares of SuryaJyoti Life Insurance Company Limited (SJLIC) in the auction from today i.e. 4th Ashad to 11th Ashad, 2081.
3,00,000 unit promoter shares of SJLIC are being auctioned. Qualified interested promoter shareholders, general public/company, and institutions are eligible to bid in the auction of SJLIC. Rs. 210 is the minimum bid rate and the minimum bid quantity for promoters’ shares is 5,000 units. Although bidders can bid for the entire issue, they must abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
NIC Asia Capital is the auction manager.
As of writing, SJLIC has an LTP of Rs. 411.90.
