Promoter Shares of United Ajod Insurance Limited And Shangri-la Development Bank in Auction from Today
Nepal Reinsurance Company Limited (NRIC) is auctioning 20,73,446 units of promoter shares of United Ajod Insurance Limited (UAIL). The auction is open from today.
20,73,446 units of promoter shares of United Ajod Insurance Limited are being auctioned. Interested shareholders are requested to bid for the auction within 35 days from this notice's publication date, i.e. 21st Baishakh, 2081. Rs. 281 is the minimum bid rate, while the minimum bid quantity for promoter 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 be auctioned to the general public later.
UAIL closed at Rs. 543.30.
Similarly, The existing promoter of Shangri-la Development Bank (SADBL) is auctioning 25,000 units of shares to the general public/institutions from today i.e. 21st Baishakh, 2081.
Arjun Bhattarai intends to sell 25,000 units of promoter shares to the general public. Interested individuals are requested to bid for the auction within 15 days from this notice's publication date, i.e. 21st Baishakh, 2081.
The shareholders should submit their bids at the Company's central office located at Baluwatar, Kathmandu. Earlier the shares were auctioned to promoter shareholders, but no bids were received from existing promoter shareholders within the specified timeframe, the shares are open for auction to the general public.
As of writing, SADBL has an LTP of Rs. 315.00. Meanwhile, SADBLP has an LTP of Rs. 173.00.
