Prabhu Insurance Auctioning 7,35,000 units promoter shares from 21st Mangsir
Prabhu Insurance Limited is auctioning its 7,35,000 units promoter shares.
The auction will open from 21st Mangsir and conclude on 28th Mangsir, 2077. The existing promoters, general public, and institutions are all eligible to bid for the auction.
Rs. 350 is the minimum bid rate for the auction. While the minimum bid quantity is 25,000 units, there is no upper limit. 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. Meanwhile, any quantity in between should be divisible by 10.
Muktinath Capital Limited is appointed the auction manager. Bids will be opened at the issue manager's office in Hattisar on Mangsir 29, starting from 10 am.
