Kathmandu
The auction of 35,468 units of unclaimed rights shares of Life Insurance Corporation (Nepal) Limited has concluded.
The bidders who bid below Rs 1,750 units did not get any shares in the auction since there were enough bidders above the cut-off rate, says NMB Capital Limited.
There were altogether 32 applications out of which there were seven applicants who bid for a unit share at more than Rs 1,900.
Likewise, there were 14 applicants who bid in between Rs 1,800 to 19,00 per unit, and 11 applicants who bid in between Rs 1,750 to 1,799 per unit.
A single party had bid for 10,000 units at Rs 1,750. There were two more bidders who had applied for 1,000 units and 200 units at the same rate.
The highest bid amount was Rs 1,926 per unit and the lowest was Rs 100.
The bid opening had taken place yesterday Dec 1, on the first floor of Block Y of Kathmandu Plaza in the capital.
LIC (Nepal) had called application for the auction of unclaimed rights shares at a bid price of Rs 100 on November 21 after there was no application during the rights share issuance from September 9 to November 19.
The bid was closed on November 27.
Bidders could apply for a minimum of 100 units of rights shares and the maximum of 35,468 units.
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