Asian Life Insurance Company Limited will sell 358,512.48 unsubscribed rights shares through a bidding process. These shares were part of the rights issue issued at a ratio of 1:0.40 from Ashad 25 to Shrawan 20, which did not receive applications.
The application process for these shares will open from Bhadra 22. Out of the total shares, 30,038.57 shares are allocated for founders and 328,473.91 shares for the general public.
Anyone individuals, companies, or organizations can apply to purchase these shares. The minimum price per share is set at NPR 100. Applicants can bid for a minimum of 1,000 shares and up to the full available quantity.
Applications can be submitted at Muktinath Capital’s Naxal office or at Muktinath Development Bank branch offices in Thimi, KumariPati, Birtamode, Biratnagar, Birgunj, Janakpur, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Dang, Nepalgunj, Dhangadhi, and Mahendranagar.
The bidding process will close on Bhadra 29.
