Banking News – United Ajod Insurance Limited has opened the auction of its unsubscribed rights shares, allowing all eligible investors to participate from July 9 (25 Asar).

The company is auctioning 63,847 founder-group rights shares after the shares remained unsubscribed during the offering period reserved for existing founder shareholders from June 12 to June 22 (Jestha 29 to Asar 8).

Interested investors may submit sealed bids from July 9 to July 16 (Shrawan 1) during banking hours, specifying both the number of shares they wish to purchase and their proposed bid price.

The minimum bid price has been fixed at NPR 100 per share. Investors must apply for at least 1,000 shares, while applications for larger quantities must be in multiples of 10 shares or may be submitted for the entire number of shares on offer.