Reminder: Last Day of Auction of Lumbini General Insurance's Promoter Shares
Lumbini General Insurance Limited (LGIL) is closing the auction of its 1,22,287 units promoter shares to its shareholders today.
Kumari Bank Limited is auctioning the promoter shares of Lumbini General Insurance Limited (LGIL). The auction opened on 13th Jestha and will close today i.e 27th Jestha, 2079
Existing promoters, individuals, and institutions are all eligible to bid for the auction.
1,22,287 units promoter share are being auctioned. Rs. 200 is the minimum bid rate for the auction. While the minimum bid quantity for shares is 10,000 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.
Kumari Bank is appointed the auction manager. Bids will be opened at the premises of the auction manager on Asadh 1, Nagpokhari, Kathmandu, starting at 10 am that day.
