Applications for Gurans Life’s auctioned shares are open from today
By Rabindra Dhungel, 29 september 2020. Applications can be submitted from today (October 29) for the purchase of around 600,000 undistributed shares brought by Gurans Life Insurance through auction process. The company is going to sell 590,014 unapplied shares at auction from July 29 to July 30. Out of the shares to be sold, 337,565 shares belong to the founder group and 252,449 shares belong to the general public group.
Shilbandi bids will have to be submitted for the purchase of the shares from 13 to 19 September. The minimum price of the share has been fixed at Rs 100. When the investor submits the bid, he / she will have to bid with the same or higher price. Investors will have to apply for a minimum of 100 lots, a maximum of 10 divisible shares or a maximum of one person per share as specified by the Insurance Committee.
The sales manager of the insurance company is NMB Capital Limited. Investors can apply from NMB Capital, Nagpokhari Kathmandu, NMB Bank’s Biratnagar, Jhapa, Birgunj, Janakpur, Hetauda, Chitwan, Pokhara, Baglung, Butwal, Nepalgunj, Surkhet, Dhangadhi and Mahendranagar and Shine Resunga Development Bank’s Dang branch office.