Nepal Insurance Company Extends Deadline for Undistributed Right Shares Auction

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for the auction of its undistributed right shares. Initially set to close on Ashoj 5 (September 21), the deadline has now been pushed to Ashoj 8 (September 24), providing investors an additional three days to participate.

The company has announced that 4,468.76 units of promoter shares and 192,574 units of public shares remain unsold and are being offered through auction. The minimum bid price has been fixed at Rs 100 per unit.

As per the auction rules, promoter category applicants must bid for at least 1,000 units, while general investors can apply for a minimum of 100 units. In both categories, bidders are allowed to apply for the maximum available quantity of shares.