San Nepal Life Insurance Puts 224,728 Unclaimed Rights Shares on Auction from Today

San Nepal Life Insurance Company Limited has begun the auction process for its unclaimed rights shares starting today (Asar 23).

Earlier, the company had issued 10,696,320 rights shares at a face value of Rs. 100 per share from Baisakh 30 to Asar 3 in a 1:0.27 ratio. Only shareholders holding shares till Baisakh 4 were eligible to apply.

The rights share allotment was completed on Asar 12. A total of 224,728 shares that remained unsubscribed during the allotment are now being offered via auction.

Of these, 80,222 shares belong to the promoter group (under lock-in period), while 144,506 shares are from the public group, of which 4,049 shares are also under lock-in.

The company will soon publish detailed information regarding the auction process, including the minimum bid price, application method, and deadline.