Laxmi Bank Limited and Prudential Insurance called for Right share issue

Kathmandu October 8- Laxmi Bank Limited is planning to sell right shares that are in auction to general public. Bank had announced for right share issuance in 21 june to july 26 of 713 thousands 606 units of right shares. Among them 186 thousands 462 units of shares are short of application by general public. Thus according to directive of securities issues and prevailed law and order, laxmi bank has dicided to sell those right shares through bidding system. Laxmi Bank informed that the bidding will take place on October 8 to October 15.

Minimum price of bidding is allocated as Rs. 100. Bidders have to allocate more than Rs. 100 to purchase the shares. Bidding application can be submitted in NMB Capital Limited, issue manager of Laxmi Bank Ltd.

Likewise, Prudential Insurance Company has also called for bidding application for its 540 thousands right share units which were not applied by general public during the period 22 july to 25 August. Prudential Insurance informed that the per unit bidding price must be above 100. The time limit for the bidding is October 8 to 14. The issue manager of Prudential Insurance is Global IME Capital Limited.