Only 6 trading days left to clinch 100% right share of Lumbini General Insurance; Book closure on Asadh 13
- ShareSansar, June 19, 2017 on Book Closure , Dividend, Right & Bonus , Featured , Latest , Stock Market
Securities Board of Nepal (SEBON) had approved 100% right issuance of Lumbini General Insurance Company Limited (LGIL) on Asadh 1, 2074. Now, the insurance company has announced book closure date for the right share issuance.
As per the notice published in NEPSE today, the register of their shareholders will remain closed on Asadh 13, 2074 for one day. Only those shareholders having shares traded one trading day ahead of the book closure date i.e. till Asadh 12, 2074 are eligible to apply for the right shares. Starting today, there are 6 trading days left to clinch for the right shares.
LGIL had earned net profit of Rs 11.61 crore till the end of third quarter of the FY 2073/74. Its paid up capital stands at Rs 39 crore and after the issuance of right shares, its paid up capital will reach Rs 78 crore. As per Insurance Board’s directive for all non-life insurance companies to increase their paid up capital to a minimum of Rs 1 arba by the end of FY 2074/75, LGIL should further hike its capital by 28.20%.