240% right issue of United Insurance extended till Ashoj 23, 2076; Insurance issuing 72.57 lakh unit right shares
Mon, Sep 23, 2019 7:32 AM on Dividend, Bonus & Rights, Latest,
United Insurance Company (Nepal) Limited (UIC) has extended the closing date of its ongoing issue of 72,57,600 units right shares to its existing shareholders till Ashoj 23, 2076.
The book closure date for right share purpose was on Shrawan 14, 2076. Investors holding shares of the company till Shrawan 13 are eligible for right shares.
The insurance company is issuing right shares in the ratio of 1:2.4 or 240% at par value. The company will be issuing 72,57,600 units as right shares to raise a capital worth Rs 72.57 crore.
NMB Capital Limited has been appointed as the issue manager for the right issue.
The existing paid up capital of company is Rs 30.24 crore and after the 240% right shares issue the paid up capital will rises to Rs 102.81 crore.
Care Nepal has assigned grading of ‘CARE-NP IPO Grade 4 [IPO Grade Four]’ to the proposed Rights Share Issue of United Insurance Company (Nepal) Limited (UIC).
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