30% right shares of Shikhar Insurance deposited on Demat accounts

Shikhar Insurance Company Limited is distributing 30% right shares directly to DEMAT accounts of its shareholders.

While most shares are already deposited, investors who owned the shares after 2076/11/12 will have their shares deposited shortly. The company has also urged investors to dematerialize their shares if they haven't done so.

Furthermore, if investors had taken loans against shares of Shikhar Insurance by 2076/11/12, they will need to present a No Objection letter from their lending institution to claim the right shares. Investors who have taken loans against shares of Shikhar Insurance after that date are advised to consult the lending institution about whether or not their shares are frozen.

Shikhar Insurance had issued 31,71,932 unit shares for its shareholders at par value of Rs 100. Out of the total units; 30,84,519.2 units shares were subscribed by eligible applicants. Still, 87,412.8 units (2.75% of the total issue) were unsubscribed. This was again auctioned to the general public.

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