240% right shares of United Insurance added to SEBON pipeline; Paid-up capital to reach Rs 1.02 arba after the issuance

240% right...

United Insurance Company (UIC)'s 240% right share issuance has been added to the pipeline of Securities Board of Nepal (SEBON). The company will be issuing 7,257,600 (72 lakh 57 thousand six hundred) shares at a par value of Rs 100.

The issue manager for the same is NMB Capital.

The Special General Meeting (SGM) of UIC held on Falgun 16, 2075 had endorsed the decision to issue right shares in the ratio of 100:240 in its existing paid-up value of Rs 30.24 crore. Following the issuance, the paid up capital of the non-life insurance will shoot up to Rs 1.02 arba.