United Insurance opening bids on Poush 14; Company auctioned 1.57 lakh units promoter shares
Mon, Dec 30, 2019 11:12 AM on Auction, Latest, Stock Market,
United Insurance Company (UIC) is selling its 1,57,649 units promoter share in an auction to the general public from Poush 03, 2076 to Poush 10.
The company has published a notice today informing that the bids will be opened on Poush 14, 2076 at NMB Capital Limited, Nagpokhari, Kathmandu from 10 AM onwards.
The company had issued 240% (1:2.4) right shares for its shareholders from Bhadra 03, 2076 to Ashoj 23, 2076.
NMB Capital Limited has been appointed as the issue manager for the issue.
The existing paid-up capital of the company is Rs 30.24 crore and after the 240% right shares issue and auction, the paid-up capital will rises to Rs 102.81 crore.
