Promoter Share Auction: Nepal Reinsurance Company Units on Bid by Leading Companies


IGI Prudential Insurance Limited, Global IME Capital Limited, Hathway Investment Nepal Limited, and IME Limited are conducting auctions for the promoter shares of Nepal Reinsurance Company Limited (NRIC). The total units for auction include 20,00,000 for IGI Prudential Insurance Limited, 1,87,434 for Global IME Capital Limited, 6,50,000 for Hathway Investment Nepal Limited, and 7,50,000 for IME Limited. The auction period spans from the 8th of Falgun to the 12th of Chaitra, 2080.

The minimum bid rate for the auction is set at Rs. 280. Additionally, each of the companies has established a minimum bid quantity for their respective promoter shares: 20,00,000 units for IGI Prudential Insurance Limited, 1,87,434 units for Global IME Capital Limited, 6,50,000 units for Hathway Investment Nepal Limited, and 7,50,000 units for IME Limited.

To oversee and manage the auctions, Global IME Capital Limited has been appointed as the auction manager for all four transactions. Interested parties have the opportunity to participate in the auctions within the specified timeframe, aiming to acquire the promoter shares of NRIC at the set minimum bid rate.

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