NLG Insurance Completes Share Distribution from Auction Sale

Kathmandu – NLG Insurance Company Limited has successfully distributed shares that were offered for purchase through an auction process held from February 2 to February 9.

The company had placed 320,533.22 remaining shares for auction, and after evaluating the sealed bids received during the sale period, the Board of Directors finalized the distribution on February 20. The company has now allocated the shares to the highest bidders as per the auction process.

Additionally, NLG Insurance has announced that applicants who were not included in the share distribution will have their bid amounts refunded via IPS to their respective accounts starting Sunday, February 23. Lakshmi Sunrise Capital Limited served as the sales manager for the auction process, ensuring a smooth transaction and distribution.