Promoter Shares of SPIL, FMDBL And UAIL in Auction from Today
The existing promoters of Siddhartha Premier Insurance Limited (SPIL) are selling 2,87,500 units of promoter shares in an auction to the qualified interested promoter shareholders and general public/company/institutions from today i.e. on the 13th Chaitra to 20th Chaitra, 2080.
2,87,500 unit promoter shares of SPIL will be auctioned. Qualified interested promoter shareholders including the general public/institutions can bid for the auction. Rs. 210 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 5,000 units.
NIC Asia Capital Limited is the auction manager.
SPIL closed at Rs. 736.00 yesterday. Meanwhile, SPILPO has an LTP of Rs. 220.00.
Similarly, The existing promoter of First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) is selling its 1,20,000 units promoter share in an auction from today i.e. 13th Chaitra to 15th Chaitra, 2080.
1,20,000 units of promoter shares will be auctioned. Interested qualified persons/companies/institutions are eligible to bid for the auction. Rs. 300 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 15,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by the Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
Muktinath Capital Limited is the auction manager. As of writing, FMDBL has an LTP of Rs. 614.00.
Similarly, The existing promoter of United Ajod Insurance Limited (UAIL) is auctioning 1,49,116 units of shares to the promoter shareholders from today.
Sandip Khetan intends to sell 99,411 units, and Julie Chachan intends to sell 49,705 units of promoter shares to the existing promoter shareholders. Interested shareholders are requested to bid for the auction within 35 days from this notice's publication date, i.e. 13th Chaitra, 2080. Rs. 270 is the minimum bid rate. The minimum bid quantity for promoters’ shares is 5,000 units.
The shareholders should submit their bids at the corporate office of the institution located at CTC Mall, Sundhara, Kathmandu. If no bids are received from existing founder shareholders within the specified timeframe, the shares will later be auctioned to the general public.
UAIL closed at Rs. 533.10.
