Book Closure of Prudential Insurance's 60% right shares on Magh 27, 2076

Prudential Insurance Company (PLIC) will be issuing 60% right shares to its shareholders. The company is issuing 3,849,120 units at par to raise a capital worth Rs.38.49 Crore.

NMB Capital Limited has been appointed as the issue manager.

The book closure for this right issuance is on Magh 27, 2076. Therefore shareholders maintained on Magh 26, 2076 will be eligible to apply for the right issue.

After the issuance of the proposed right shares on its existing paid up capital of Rs.64.15 Crore, its paid-up value shall scale up to Rs.1.02 Arba thereby meeting the requirement set for the non-life insurance companies.