Sanima GIC Insurance Announces Auction of 235,448 Promoter Shares at a Minimum Price of Rs. 258
Sanima GIC Insurance Limited is offering 235,448 promoter shares through an auction from Kartik 9 to Kartik 12, 2083. The minimum bid price is Rs. 258 per share, with a minimum application of 5,000 units. Sanima Capital Limited will manage the auction.
Sanima GIC Insurance Limited (SGIC) has announced the auction of 235,448 units of promoter shares beingsold by its existing promoters, withthe bidding period scheduled to run from Kartik 9 to Kartik 12, 2083. Theauction is open to existing promoters, members of the general public,and institutional investors. Theminimum bid price has been fixed at Rs. 258 per share, and interested applicants must bid for a minimum of5,000units. Investors can bid for all the shares available in the auction, provided they comply with theapplicable ownership restrictions and NepalRastra Bank’s regulations governing the maximum permissibleshareholding per entity. Sanima Capital Limited has been appointed as the auctionmanager to oversee theprocess. Interested investors should consult the official auction notice for detailed application procedures,paymentrequirements, and other applicable terms before participating.