More than 70,000 unallocated right shares of United Azod to be auctioned

Kathmandu, 22 June. United Azod Insurance Limited is going to sell the remaining shares after the issue of right shares through the Bolakbol process. The company is going to sell unallocated 70,480 shares to public and institutional investors through auction. The company issued right shares in the ratio of 100:10 from Chait 26th to Baisakh 31st. After the complete application was not received during that period, the remaining shares are going to be brought into the negotiation process.

Out of the shares put up for auction, 63 thousand 847 shares belong to the founder group and 6 thousand 633 shares belong to the general group. According to the company, the application process for the purchase of the shares will open from May 29. Individuals, companies and various organizations can also participate in Bolakbol. The minimum asking price of the shares is Rs 100 per share. Interested investors can apply for a minimum of 100 shares to a maximum of all available shares.

Bid applications can be submitted through the branch offices of Laxmi Sunrise Capital and Laxmi Sunrise Bank at Biratnagar, Birgunj, Janakpur, Hetaunda, Narayangadh, Pokhara, Butwal, Nepalgunj, Birendranagar and Dhangadhi. The company has set the last date for submission of tender applications on June 8. After that, the process of allotment of shares will be carried forward based on the feedback received.