Lumbini General Insurance issuing 39 lakh units (100%) right shares from today; offer ends on Bhadra 1

- ShareSansar, July 14, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market

Lumbini General Insurance Limited (LGIL) is issuing 1:1 (100%) right shares to its existing shareholders from today (Asadh 30, 2074).

The rights issue will remain open for 35 days before closing on Bhadra 1, 2074.

The bank is issuing a total of 39,00,000 unit right shares worth Rs 39 crore at the face value of Rs 100.

The book closure date for 100% right issue was set on Asadh 13, 2074. Only the shares registered one trading day ahead of the book closure date i.e. Asadh 11, 2074 are eligible for applying for the right shares.

CBIL Capital Limited has been assigned as the issue manager for the right issue.

Interested shareholders can collect the application forms from CBIL Capital, Dillibazar, Kathmandu, Ace Capital Markets Limited, Laldurbar, Kathmandu as well as from designated branch offices of Citizens Bank Limited.

After the adjustment of the rights shares, LGIL’s total paid-up capital will reach to Rs 78 crore from current Rs 39 crore. Its authorized capital stands at Rs 1 arba.

Lumbini General Insurance has earned net profit of Rs 11.61 crore in the third quarter of the FY 2073/74.